119th (2025–2027)
H.R. 1740
Default Proceed Sale Transparency ActThis bill establishes new requirements in the case of a firearm transfer by a federally licensed dealer, manufacturer, or importer to an unlicensed person prior to the completion of a background check. Current law permits these transactions—default-proceed transactions—if a submitted background check remains incomplete after three business days.With respect to a default-proceed transaction, the billrequires a federally licensed dealer, manufacturer, or importer to report the transfer to the Federal Bureau of Investigation (FBI) within 24 hours;requires the National Instant Criminal Background Check System (NICS) to prioritize completing the background check related to the transfer; andrequires the NICS to retain records related to a proposed or completed firearm transfer until the background check is complete.Finally, the bill requires the FBI to report publicly on data related to default-proceed transactions. Further, it requires the Bureau of Alcohol, Tobacco, Firearms and Explosives to report publicly on data related to the firearms transferred in default-proceed transactions.