Default Proceed Sale Transparency Act

This 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 bill

requires 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; and

Summary by the Congressional Research Service.