S. 1436 would prohibit the Internal Revenue Service from using available funds to purchase, receive, or store firearms or ammunition. Within 120 days of enactment, the IRS would transfer its firearms and ammunition to the General Services Administration. The agency would then start selling the firearms to licensed dealers and auctioning the ammunition to the public. Proceeds would go to the Treasury’s general fund for deficit reduction.
The bill would also transfer the IRS Criminal Investigation Division, its personnel, assets, and related functions to the Department of Justice, where it would remain a distinct entity. The Attorney General would oversee specified criminal investigations related to federal tax laws and other laws now investigated by the IRS. This section would take effect 90 days after enactment. The bill was introduced and referred to the Senate Committee on Finance.
If enacted, the bill would make IRS ammunition available for public auction and IRS firearms available for sale to licensed dealers. It would also move specified IRS criminal investigation functions to the Department of Justice. No publicly available information describes other direct effects on individuals.
The bill does not provide an estimate of implementation costs. It directs that proceeds from firearm sales and ammunition auctions be deposited in the Treasury’s general fund for deficit reduction.
No publicly available information.
No publicly available information.