From The Washington Examiner:

The legislation would rescind all ATF regulations put in place after Aug. 1, 2020, forbid the government body from hiring, and require top authorities to publicize an itemized list of all confiscated firearms and ammunition, which will then be auctioned to the public, according to a copy of the bill, the Daily Caller reported. The proposal would also transfer the bureau’s regulatory power to the FBI.

The move has been named the Brian A. Terry Memorial Eliminate the ATF Act in remembrance of Terry, a former Marine and Border Patrol agent who was shot and killed by criminals during a controversial sting operation, dubbed “Fast and Furious,” during which ATF authorities permitted illegal gun sales to track suspected purchasers in Mexican drug cartels.