# 116-hr-4872: Fire Sale Loophole Closing Act

116-hr-4872, Fire Sale Loophole Closing Act, is a 116th Congress bill sponsored by Rep. Cicilline, David N. [D-RI-1] (D-RI); status Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-4872
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-4872
- Congress: 116
- Title: Fire Sale Loophole Closing Act
- Status: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
- Introduced: 2019-10-28
- Sponsor: Rep. Cicilline, David N. [D-RI-1] (D-RI)
- Cosponsors: 8
- Policy area: Crime and Law Enforcement
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Fire Sale Loophole Closing Act This bill imposes restrictions on the transfer of business inventory firearms by a firearms importer, manufacturer, or dealer whose license is revoked or denied. 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.

## Cosponsors (8)

- Rep. Sires, Albio [D-NJ-8] (D-NJ), 2019-10-28T00:00:00.000Z
- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2019-10-28T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2019-10-28T00:00:00.000Z
- Rep. Cohen, Steve [D-TN-9] (D-TN), 2019-10-28T00:00:00.000Z
- Rep. DeGette, Diana [D-CO-1] (D-CO), 2019-10-28T00:00:00.000Z
- Rep. Nadler, Jerrold [D-NY-12] (D-NY), 2019-10-28T00:00:00.000Z
- Rep. Hastings, Alcee L. [D-FL-20] (D-FL), 2019-11-14T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2019-11-18T00:00:00.000Z

## Related bills

- 116-hr-8015: Delivering for America Act
- 116-hr-7806: SOS Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7517: Protect Access to Birth Control Act
- 116-hr-7197: RESTAURANTS Act of 2020
- 116-hr-7120: George Floyd Justice in Policing Act of 2020

## Sources
- [116-hr-4872 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/4872)

## Related
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7806: SOS Act](https://policyrisk.com/legislation/116-hr-7806)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7517: Protect Access to Birth Control Act](https://policyrisk.com/legislation/116-hr-7517)
- [116-hr-7197: RESTAURANTS Act of 2020](https://policyrisk.com/legislation/116-hr-7197)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-4872 (as of 2025-11-18).