# 114-hr-2916: Fire Sale Loophole Closing Act

114-hr-2916, Fire Sale Loophole Closing Act, is a 114th Congress bill sponsored by Rep. Cicilline, David N. [D-RI-1] (D-RI); status Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-2916
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-2916
- Congress: 114
- Title: Fire Sale Loophole Closing Act
- Status: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
- Introduced: 2015-06-25
- Sponsor: Rep. Cicilline, David N. [D-RI-1] (D-RI)
- Cosponsors: 49
- Policy area: Crime and Law Enforcement
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Fire Sale Loophole Closing Act This bill amends the federal criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or to receive a firearm that was a business inventory firearm as of the date of a revocation or renewal denial notice; and (2) anyone who has received a license revocation or renewal denial notice to transfer to any other person a firearm that was a business inventory firearm. The bill imposes a fine and/or prison term of not more than one year for violations of this Act (five years for willful violations).

## Cosponsors (49)

- Rep. Doyle, Michael F. [D-PA-18] (D-PA), 2015-06-25T00:00:00.000Z
- Rep. Himes, James A. [D-CT-4] (D-CT), 2015-06-25T00:00:00.000Z
- Rep. Moore, Gwen [D-WI-4] (D-WI), 2015-06-25T00:00:00.000Z
- Rep. Meeks, Gregory W. [D-NY-5] (D-NY), 2015-06-25T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2015-06-25T00:00:00.000Z
- Rep. Keating, William R. [D-MA-9] (D-MA), 2015-06-25T00:00:00.000Z
- Rep. Ellison, Keith [D-MN-5] (D-MN), 2015-06-25T00:00:00.000Z
- Rep. Tsongas, Niki [D-MA-3] (D-MA), 2015-06-25T00:00:00.000Z
- Rep. Cartwright, Matt [D-PA-8] (D-PA), 2015-06-25T00:00:00.000Z
- Rep. Lipinski, Daniel [D-IL-3] (D-IL), 2015-06-25T00:00:00.000Z
- Rep. Clark, Katherine M. [D-MA-5] (D-MA), 2015-06-25T00:00:00.000Z
- SAM FARR (D-CA), 2015-06-25T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2015-06-25T00:00:00.000Z
- STEVE ISRAEL (D-NY), 2015-06-25T00:00:00.000Z
- Rep. Napolitano, Grace F. [D-CA-31] (D-CA), 2015-06-25T00:00:00.000Z
- Rep. DeLauro, Rosa L. [D-CT-3] (D-CT), 2015-06-25T00:00:00.000Z
- Rep. DeGette, Diana [D-CO-1] (D-CO), 2015-06-25T00:00:00.000Z
- Rep. Langevin, James R. [D-RI-2] (D-RI), 2015-06-25T00:00:00.000Z
- LOUISE SLAUGHTER (D-NY), 2015-06-25T00:00:00.000Z
- Rep. Pocan, Mark [D-WI-2] (D-WI), 2015-06-25T00:00:00.000Z
- Rep. Castor, Kathy [D-FL-14] (D-FL), 2015-06-25T00:00:00.000Z
- Rep. Pingree, Chellie [D-ME-1] (D-ME), 2015-06-25T00:00:00.000Z
- Rep. Lofgren, Zoe [D-CA-18] (D-CA), 2015-06-25T00:00:00.000Z
- Rep. Fudge, Marcia L. [D-OH-11] (D-OH), 2015-06-25T00:00:00.000Z
- Rep. Wilson, Frederica S. [D-FL-24] (D-FL), 2015-06-25T00:00:00.000Z
- LOIS CAPPS (D-CA), 2015-06-25T00:00:00.000Z
- Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ), 2015-06-25T00:00:00.000Z
- Rep. Nadler, Jerrold [D-NY-12] (D-NY), 2015-06-25T00:00:00.000Z
- Rep. Pascrell, Bill, Jr. [D-NJ-9] (D-NJ), 2015-06-25T00:00:00.000Z
- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2015-06-25T00:00:00.000Z
- Rep. Meng, Grace [D-NY-6] (D-NY), 2015-06-25T00:00:00.000Z
- Rep. Esty, Elizabeth H. [D-CT-5] (D-CT), 2015-06-25T00:00:00.000Z
- Rep. McCollum, Betty [D-MN-4] (D-MN), 2015-06-25T00:00:00.000Z
- Rep. Blumenauer, Earl [D-OR-3] (D-OR), 2015-06-25T00:00:00.000Z
- Rep. Bonamici, Suzanne [D-OR-1] (D-OR), 2015-07-07T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2015-07-07T00:00:00.000Z
- Rep. Hahn, Janice [D-CA-44] (D-CA), 2015-07-07T00:00:00.000Z
- ELIOT ENGEL (D-NY), 2015-07-07T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2015-07-07T00:00:00.000Z
- Rep. Brownley, Julia [D-CA-26] (D-CA), 2015-07-07T00:00:00.000Z
- Rep. Matsui, Doris O. [D-CA-7] (D-CA), 2015-07-10T00:00:00.000Z
- Rep. Sarbanes, John P. [D-MD-3] (D-MD), 2015-07-21T00:00:00.000Z
- CHARLES RANGEL (D-NY), 2015-07-21T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2015-09-29T00:00:00.000Z
- Sen. Duckworth, Tammy [D-IL] (D-IL), 2015-09-29T00:00:00.000Z
- Rep. Maloney, Carolyn B. [D-NY-12] (D-NY), 2015-10-06T00:00:00.000Z
- Rep. Boyle, Brendan F. [D-PA-2] (D-PA), 2015-11-18T00:00:00.000Z
- Rep. Takai, Mark [D-HI-1] (D-HI), 2015-12-11T00:00:00.000Z
- Rep. Vargas, Juan [D-CA-52] (D-CA), 2016-07-11T00:00:00.000Z

## Related bills

- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act
- 114-hr-4479: Families of Flint Act
- 114-hr-3268: PAST Act
- 114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act
- 114-hr-1619: Paycheck Fairness Act

## Sources
- [114-hr-2916 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/2916)

## Related
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-4592)
- [114-hr-4479: Families of Flint Act](https://policyrisk.com/legislation/114-hr-4479)
- [114-hr-3268: PAST Act](https://policyrisk.com/legislation/114-hr-3268)
- [114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act](https://policyrisk.com/legislation/114-hr-1786)
- [114-hr-1619: Paycheck Fairness Act](https://policyrisk.com/legislation/114-hr-1619)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-2916 (as of 2025-11-18).