# 119-hr-1740: Default Proceed Sale Transparency Act

119-hr-1740, Default Proceed Sale Transparency Act, is a 119th Congress bill sponsored by Rep. Schneider, Bradley Scott [D-IL-10] (D-IL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1740
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1740
- Congress: 119
- Title: Default Proceed Sale Transparency Act
- Status: introduced
- Introduced: 2025-02-27
- Sponsor: Rep. Schneider, Bradley Scott [D-IL-10] (D-IL)
- Cosponsors: 2
- Policy area: Crime and Law Enforcement
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Require rapid reporting and priority background checks for firearm transfers completed before checks finish.** This bill would require licensed importers, manufacturers, and dealers to assign a unique identification number and report any transfer made before a completed NICS background check to the FBI within 24 hours. It would create an online portal and telephone hotline within 180 days for reporting and would require the FBI to prioritize those checks under the Brady Act. - Licensed importers, manufacturers, and dealers: Would have to provide a unique ID and report transfers made before a completed NICS check within 24 hours. - FBI and state or local background-check authorities: The FBI would receive reports and transmit them to state or local authorities when applicable, must prioritize those background checks, and records related to a transfer could not be destroyed before the check is complete. - ATF and the public: The FBI would publish a state-by-state report within 300 days and annually on counts of these transfers, completed checks, retrievals, and purged requests. The ATF would also publish, within 300 days and annually, data on average time to recovery and on interstate recoveries. - Law enforcement and communities: The bill would require disaggregated data by ATF field division and state on recovered firearms, helping track weapons involved in unlawful transfers and measure retrieval outcomes.

## Cosponsors (2)

- Rep. Quigley, Mike [D-IL-5] (D-IL), 2025-02-27T00:00:00.000Z
- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2025-02-27T00:00:00.000Z

## Provisions PRIA read

- Annual public reports on default gun transfers: benefit, high. The FBI would publish a public report within 300 days and then every year. It would list, by state, how many transfers happened before a final check number, how many checks finished, how many showed a legal violation, and how many guns were retrieved. The first report would also show how many backg…
- Faster checks and preserved records on gun sales: benefit, high. Within 180 days, the Attorney General would set up an online portal and phone line to send information that helps the FBI prioritize background checks. The national background check system would prioritize finishing checks for transfers made before a final check number was issued. It would also be…
- New 24-hour reporting rule for gun dealers: cost, medium. Licensed gun importers, makers, and dealers would need to tell the FBI within 24 hours if they transfer a gun before a final background check number is issued. If a state or local agency is running the check, the FBI would forward the report to that agency. This is meant to help authorities spot an…

## Related bills

- 119-hr-6900: American Affordability Act of 2025
- 119-hr-7973: Momnibus Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-5862: American Energy Independence and Affordability Act

## Sources
- [119-hr-1740 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1740)

## Related
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-5862: American Energy Independence and Affordability Act](https://policyrisk.com/legislation/119-hr-5862)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1740 (as of 2026-04-21).