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RIFLE Act

Bill Number
S. 1224
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Taxation
Status
Introduced
Latest Action
2025-04-01: Read twice and referred to the Committee on Finance.
Last Updated
2026-03-20T11:03:18Z

AI-Generated Summary

Purpose

The RIFLE Act aims to eliminate the federal tax on transferring certain regulated firearms and accessories, as established under the National Firearms Act (NFA) of 1934. By repealing this tax, the legislation seeks to reduce financial barriers to owning or transferring these items, which include items like machine guns, short-barreled rifles, silencers, and destructive devices.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Cotton, Tom [R-AR]

Cosponsors (14)

Sen. Hoeven, John [R-ND], Sen. Daines, Steve [R-MT], Sen. Cramer, Kevin [R-ND], Sen. Boozman, John [R-AR], Sen. Scott, Rick [R-FL], Sen. Budd, Ted [R-NC], Sen. Ricketts, Pete [R-NE], Sen. Fischer, Deb [R-NE], Sen. Cruz, Ted [R-TX], Sen. Moreno, Bernie [R-OH], Sen. Sheehy, Tim [R-MT], Sen. Justice, James C. [R-WV], Sen. Capito, Shelley Moore [R-WV], Sen. Barrasso, John [R-WY]

Recent Actions

Bill Versions

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