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S4344-118

Introduced

To amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes.

118th Congress Introduced May 15, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes., changes federal law or congressional policy affecting importers, exporters, and commercial firms. The main policy domain is Trade, Foreign Policy, Criminal Justice.

Who Benefits and How

importers, exporters, and commercial firms may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, importers, exporters, and commercial firms may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H03CDDB9367F94C0EABFEE93CDE767603: 1. Short title This Act may be cited as the Repealing Illegal Freedom and Liberty Excises Act or the RIFLE Act.
  • Section H5D2067C1AF5C4DA699F9F8B0AF409A58: 2. Repeal of certain taxes relating to firearms Section 5811 of the Internal Revenue Code of 1986 is hereby repealed. Section 4182(a) of such Code is amended...
  • Section H6BA2B377E7B24E5C8F94A0838074CD56: 3. Rule of construction Nothing in this Act shall be construed to place any firearms regulated under Chapter 53 of the Internal Revenue Code of 1986 (the...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes., changes federal law or congressional policy affecting importers, exporters, and commercial firms.

Key Policy Areas

Trade, Foreign Policy, Criminal Justice

Primary Purpose

This bill, To amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes., changes federal law or congressional policy affecting importers, exporters, and commercial firms.

Policy Domains

Trade Foreign Policy Criminal Justice

Whole bill

Identified Gains
  • importers, exporters, and commercial firms
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
importers, exporters, and commercial firms:
Identified Costs
  • federal implementing agencies
  • importers, exporters, and commercial firms
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
federal implementing agencies:
importers, exporters, and commercial firms:

Sponsors

Tom Cotton

Tom Cotton

R-AR | Primary Sponsor

12 cosponsors

Legislative Progress

Introduced
Introduced Committee Passed
May 15, 2024

Mr. Cotton (for himself, Mr. Ricketts, Mr. Cramer, Mr. Mullin, …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Trade Foreign Policy Criminal Justice
Actor Mappings
"the_commission"
→ The commission identified in the operative section

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology