RIFLE Act

S 4344, the RIFLE Act, repeals a federal tax on firearm transfers by removing Section 5811 from the Internal Revenue Code. This directly affects firearm sellers and buyers who previously paid this tax on transfers. The bill makes technical adjustments to other tax code sections to reflect the repeal, ensuring consistency in the tax system. It does not change firearm ownership laws or regulations, only eliminating this specific tax. The repeal applies to transfers occurring after the bill's enactment date.