FIRE Act

This bill prohibits federal agencies from enforcing any restrictions on firearm magazines based on their capacity (e.g., magazine size). It also invalidates state or local laws that limit or ban magazines by capacity, such as bans on magazines holding more than 10 rounds. The bill defines "capacity" as the number of rounds a magazine can hold and "firearm magazine" as a device storing ammunition for a firearm. These changes apply 30 days after the bill's enactment, removing federal and state-level capacity-based magazine restrictions.