FIREARM Act

Fighting Irrational Regulatory Enforcement to Avert Retailers’ Misfortune Act or the FIREARM Act This bill prohibits the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) from bringing an enforcement action to revoke or deny renewal of a federal firearms license on the basis of a self-reported violation that is correctable, so long as the violation did not involve the transfer of a firearm to a prohibited person. The term self-reported violation means a violation of a statutory provision or implementing regulation by a federal firearms licensee (e.g., a gun dealer) that the licensee reports to the ATF before it is discovered during a compliance inspection. The bill applies retroactively.

Source: Congressional Research Service (CRS).