Booker Announces Senate Introduction of Legislation to Close Gun Fire Sale Loophole

WASHINGTON, D.C. – U.S. Senator Cory Booker (D-NJ) has introduced the Fire Sale Loophole Closing Act, legislation that would prevent gun dealers with revoked licenses from converting their firearm inventory into their personal collections and selling the weapons without conducting background checks. Companion legislation was introduced in the U.S. House earlier this year by Representative David Cicilline (D-RI-01).

In 2020, there were 45,000 firearm-related deaths in the U.S. – their highest level in 40 years. According to the Giffords Law Center to Prevent Gun Violence, Americans are 25 times more likely to be killed in a gun homicide than in other high-income countries.

“Though we have taken steps forward to prevent gun deaths, we cannot stop our work to address the gun violence epidemic that continues to grip our country,” said Senator Booker. “Closing the fire sale loophole is a commonsense measure that would help prevent firearms from being sold without background checks and ending up in the wrong hands.”

The full text of the legislation can be viewed here.