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Introduced

SB3100: Fire Sale Loophole Closing Act of 2023

: Cory Booker (D-US) : May 25, 2026 Updated: Oct 19, 2023
Crime and law enforcement
Bill ProgressIntroduced
  1. 1Introduced (current step)
  2. 2Passed One Chamber
  3. 3Passed Both Chambers
  4. 4Became Law

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Bill information

Summary

A bill to amend chapter 44 of title 18, United States Code, to restrict the ability to transfer business inventory firearms, and for other purposes.

Plain-language summary

This bill would change federal gun laws to limit how firearms held as business inventory can be transferred or sold. Currently, gun dealers can transfer inventory firearms under certain conditions; this bill would restrict those transfers. The bill specifically amends the federal criminal code chapter dealing with firearms regulations. The legislation was introduced by Senator Cory Booker and is currently in the early stages of the legislative process.

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SB3100: Fire Sale Loophole Closing Act of 2023

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