Fair Federal Firearms Licensing Act

Bill: 114-hr-4952
Sponsor: full_name: Rep. Russell, Steve [R-OK-5]
Introduced: 2016-04-14
Policy area: Crime and Law Enforcement
Subjects: Business records

Firearms and explosives

Licensing and registrations

Retail and wholesale trades
Latest action: action_date: 2016-05-17
text: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.

Summaries:
action_date: 2016-04-14
action_desc: Introduced in House
text: <p><b>Fair Federal Firearms Licensing Act</b></p> <p>This bill amends the federal criminal code to require a licensed gun dealer to liquidate the firearms inventory of a business by the end of the 60-day period following the expiration, surrender, or revocation of a federal firearms license.</p> <p>It defines the term &quot;willfully&quot; with respect to violations of certain federal firearms laws, regulations, or requirements.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 4952 IN THE HOUSE OF REPRESENTATIVES April 14, 2016 Mr. Russell introduced the following bill; which was referred to the Committee on the Judiciary A BILL To impose a deadline by which a person whose Federal firearms license has expired, or is surrendered, or revoked, must liquidate the firearms inventory of any business subject to the license, and for other purposes.

1. Short title This Act may be cited as the Fair Federal Firearms Licensing Act . 2. Deadline for liquidation of firearms business inventory after expiration, surrender, or revocation of Federal firearms license Section 923 of title 18, United States Code, is amended by adding at the end the following: (m) (1) (A) A person whose license issued under this chapter has expired, or is surrendered or revoked, shall liquidate the firearms inventory of any business subject to the license, by the end of the period described in subparagraph (B). During that period, the license shall continue to be considered valid. (B) The period described in this subparagraph is the 60-day period beginning with the effective date of the expiration, surrender, or revocation, plus such additional period as the Attorney General may allow on a showing of reasonable cause. (2) Paragraph (1) shall not apply with respect to a person if a United States district court for the judicial district in which the person resides or in which the principal place of business of the person subject to the license is located finds, by clear and convincing evidence, that the continued operation by the person of the business poses an immediate and grave threat to public safety. . 3. Definition of willfully Section 923(e) of title 18, United States Code, is amended by adding at the end the following: (5) For purposes of this subsection, the term willfully means, with respect to conduct of a person, that the person knew of a legal duty, and engaged in the conduct knowingly and in intentional disregard of the duty. Repetition of a recordkeeping violation, regardless of frequency, shall not be considered evidence that the licensee committed the violation knowingly and in intentional disregard of a legal duty. .