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H.R. 4222: Fire Sale Loophole Closing Act of 2025

119th Congress · introduced 2025-06-27 · Crime and Law Enforcement · Latest: Referred to the House Committee on the Judiciary.

federal

What does this mean?

Official title

Fire Sale Loophole Closing Act of 2025

Plain summary

Fire Sale Loophole Closing Act of 2025 This bill establishes restrictions on the transfer of business inventory firearms by a federally licensed dealer, importer, or manufacturer of firearms (i.e., a federal firearms licensee, or FFL) whose license is revoked or denied. The term business inventory firearm means a firearm that is required to be recorded in the acquisition and disposition logs of a firearms business. Among the restrictions, the bill generally prohibits the transfer of a business inventory firearm by an FFL to their personal collection or employee after they receive written notice revoking or denying their license or by a former FFL to any non-FFL on or after the date their license is revoked. The bill also prohibits the transfer of a former business inventory firearm from a personal collection within one year of the date the firearm was transferred to the personal collection. An individual who violates the restrictions is subject to criminal penalties—a fine, prison term of up to one year (or five years if the violation was willful), or both. Finally, the bill requires the written notice revoking or denying a license to include the federal statutes and regulations that prohibit a non-FFL from engaging in the business of dealing in firearms, as well as the restrictions on transferring business inventory firearms by an FFL or former FFL whose license is revoked or denied.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Fire Sale Loophole Closing Act of 2025

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Dean, Madeleine [D-PA-4] · 0 cosponsors

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Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Statute
A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr4222 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills