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H.R. 7027 (115th): Default Proceed Sale Transparency Act

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 2, 2018.

Default Proceed Sale Transparency Act

This bill establishes new requirements in the case of a firearm transfer by a licensed dealer, manufacturer, or importer to an unlicensed person prior to the completion of a background check. Current law permits such transactions—default proceed transactions—if a submitted background check remains incomplete after three business days.