Videos tagged with Senate Bill 4812

Senator Cory Booker has introduced Senate Bill 4812, the 'Fire Sale Loophole Closing Act,' which aims to restrict the transfer of business inventory firearms for Federal Firearms Licensees (FFLs) whose licenses have been revoked or renewal denied. The bill proposes that such individuals cannot transfer inventory to their personal collection or employees, effectively forcing them to relinquish their firearms. This legislation is a resubmission of a bill that has been introduced in previous congressional sessions.