RIFLE Act

HR 2552, the RIFLE Act, repeals the federal tax on firearm transfers (Section 5811 of the Internal Revenue Code). This directly affects firearm sellers and purchasers by removing the tax paid when transferring firearms. The bill also updates related tax code references to reflect the repeal and specifies the tax removal applies to transfers after the law's enactment. It clarifies that the repeal does not change how firearms are regulated under the National Firearms Act or involve the Consumer Product Safety Commission.