Fire Sale Loophole Closing Act of 2025
Latest action. Referred to the House Committee on the Judiciary.
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.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on June 27, 2025. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on June 27, 2025: Referred to the House Committee on the Judiciary.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 118th Congress (2023-24), 274 of the 16,565 bills and joint resolutions introduced became law, about 1.7 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
Madeleine Dean (D-PA) introduced it on June 27, 2025. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on June 27, 2025, 440 days ago. The most recent recorded action was 440 days ago, on June 27, 2025.
Measures do not carry over. Anything the 119th Congress has not finished by January 3, 2027 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers