The bill would stop the IRS from using funds to buy, receive, or store firearms and ammunition, starting 120 days after enactment. Within 120 days, the IRS would transfer its firearms and ammunition to the General Services Administration. That agency would start selling the firearms to licensed dealers and auctioning the ammunition to the public within 30 days after the transfer. Sale proceeds would go to the Treasury’s general fund for deficit reduction. The bill would also move the IRS Criminal Investigation Division and related criminal enforcement duties to the Department of Justice, where the division would remain a distinct entity. This change would take effect 90 days after enactment.
The bill would make IRS firearms available for sale to licensed dealers and its ammunition available through public auctions. It would place the IRS Criminal Investigation Division within the Department of Justice. The bill does not describe other direct effects on individuals.
The bill does not provide cost estimates. It directs proceeds from firearm sales and ammunition auctions to be used for deficit reduction.
No publicly available information.
No publicly available information.