Bill > HR8427

This bill, the Stop Arming Cartels Act of 2024, proposes several key provisions: 1. It would prohibit the importation, sale, manufacture, transfer, or possession of .50 caliber rifles, with exceptions for government use and rifles lawfully possessed before the bill's enactment. 2. It would classify .50 caliber rifles as "firearms" under the National Firearms Act, requiring owners to register such rifles with the Bureau of Alcohol, Tobacco, Firearms and Explosives within 12 months of the bill's enactment. 3. It would create an exception to the Protection of Lawful Commerce in Arms Act, allowing civil lawsuits against manufacturers or sellers who knowingly sell or transfer a firearm to a person or entity prohibited under the Foreign Narcotics Kingpin Designation Act. 4. It would prohibit the sale or transfer of firearms to "significant foreign narcotics traffickers" and certain other foreign persons designated under the Foreign Narcotics Kingpin Designation Act. 5. It would expand the Multiple Firearm Sales Reporting requirements to include the sale or transfer of rifles in addition to pistols and revolvers.