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HOUSE 2427117th CongressReferred to the Subcommittee on Crime, Terrorism, and Homeland Security.

NFA Modernization Act of 2021

Last Action
10/19/2021

Actions

  • 2021-10-19Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
  • 2021-04-08Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-08Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-08Introduced in House
  • 2021-04-08Introduced in House

CRS Summary

As of 2021-04-08 (00)

NFA Modernization Act of 2021

This bill increases from $200 to $300 the excise tax on the transfer of certain firearms. It also establishes a Firearms Trust Fund and transfers to such fund the revenues from the increased excise tax.

The bill requires equal 50% expenditures from the fund for gun violence prevention initiatives of the Bureau of Alcohol, Firearms, and Explosives and the Office of Justice Programs of the Department of Justice.

Subjects

  • Firearms and explosives
  • Government trust funds
  • Transfer and inheritance taxes
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.