,i #aaith ,,congress #b;d ,session ,h4 ,r4 #hfid ,,in ,,the ,,house ,,of ,,representatives ,may #g1 #bjbf,mr4 ,larson of ,connecticut 7for himself1 ,mr4 ,frost1 ,ms4 ,wilson of ,florida1 ,ms4 ,norton1 ,mr4 ,peters1 ,ms4 ,tlaib1 ,mr4 ,cleaver1 ,mr4 ,lynch1 ,mr4 ,doggett1 ,mr4 ,johnson of ,georgia1 ,ms4 ,pettersen1 and ,ms4 ,brownley7 introduced the following bill2 which was referred to the ,committee on the ,judiciary ,a ,,bill ,to amend title #ah1 ,united ,states ,code1 to prohibit short-term1 ,buy ,now1 ,pay ,later loans for the purchase of semiautomatic assault weapons4 #a4 ,short title ,this ,act may be cited as the ,assault ,weapon ,financing ,accountability ,act4 #b4 ,buy ,now1 ,pay ,later loans prohibited for semiautomatic assault weapon sales 7a7 ,buy now1 pay later loans prohibited for semiautomatic assault weapon sales ,section #ibb of title #ah1 ,united ,states ,code1 is amended by adding at the end the following3 7aa7 ,buy ,now1 ,pay ,later loans for semiautomatic assault weapons 7#a7 ,loans ,it shall be unlawful for any person1 in or affecting interstate or foreign commerce1 to make a ,buy ,now1 ,pay ,later loan to an individual to purchase a semiautomatic assault weapon4 7#b7 ,dealers accepting ,buy ,now1 ,pay ,later loans ,it shall be unlawful for any dealer1 manufacturer1 or importer1 in or affecting interstate or foreign commerce1 knowingly to accept funds obtained by an individual not licensed under this chapter through a ,buy ,now1 ,pay ,later loan for such individual to purchase a semiautomatic assault weapon4 7#c7 ,buy ,now1 ,pay ,later loan defined ,for the purposes of this subsection1 the term ,buy ,now1 ,pay ,later loan means a loan-- 7,a7 made primarily for personal1 family1 or household purposes2 and 7,b7 payable in four or fewer installments not including a down payment4 4 7b7 ,penalties relating ,to ,buy ,now1 ,pay ,later loans for semiautomatic weapon sales ,section #ibd of title #ah1 ,united ,states ,code1 is amended by adding at the end the following3 7q7 ,penalties relating ,to ,buy ,now1 ,pay ,later loans for semiautomatic weapon sales 7#a7 ,persons offering ,buy ,now1 ,pay ,later loans ,with respect to each violation of section #ibb7;aa77#a7 by a person1 such person shall be1 after notice and opportunity for hearing1 assessed a civil penalty of #ajj1jjj by the ,attorney ,general4 7#b7 ,accepting ,buy ,now1 ,pay ,later loans ,with respect to each violation of section #ibb7;aa77#b7 by a dealer1 manufacturer1 or importer1 such dealer1 manufacturer1 or importer shall be1 after notice and opportunity for hearing1 assessed a civil penalty of #ajj1jjj by the ,attorney ,general4 4 7c7 ,definitions ,section #iba7;a7 of title #ah1 ,united ,states ,code1 is amended by adding at the end the following3 7#ci7 ,the term semiautomatic pistol means any repeating firearm1 other than a shotgun or rifle1 that-- 7,a7 utilizes a portion of the energy of a firing cartridge to extract the fired cartridge case and chamber the next round2 and 7,b7 requires a separate pull of the trigger to fire each cartridge4 7#dj7 ,the term semiautomatic shotgun means any repeating shotgun that-- 7,a7 utilizes a portion of the energy of a firing shell to extract the fired shell casing and chamber the next round2 and 7,b7 requires a separate pull of the trigger to fire each shell4 7#da7 ,the term semiautomatic assault weapon means any of the following1 regardless of country of manufacture or caliber of ammunition accepted3 7,a7 ,a semiautomatic rifle that has the capacity to accept a detachable ammunition feeding device and any one of the following3 7i7 ,a pistol grip4 7ii7 ,a forward grip4 7iii7 ,a folding or detachable stock1 or stock that is otherwise foldable or adjustable in a manner that operates to reduce the length1 size1 or any other dimension1 or otherwise enhances the concealability of the weapon4 7iv7 ,a functional grenade launcher4 7v7 ,a barrel shroud4 7vi7 ,a threaded barrel4 7,b7 ,a semiautomatic rifle that has a fixed ammunition feeding device with the capacity to accept more than #aj rounds1 except for an attached tubular device designed to accept1 and is capable of operating with1 4#bb caliber rimfire ammunition4 7,c7 ,any part1 combination of parts1 component1 device1 attachment1 or accessory that is designed and functions to accelerate the rate of fire of a semiautomatic rifle but not convert the semiautomatic rifle into a machinegun4 7,d7 ,a semiautomatic pistol that has the capacity to accept a detachable ammunition feeding device and any one of the following3 7i7 ,a threaded barrel4 7ii7 ,a second pistol grip4 7iii7 ,a barrel shroud4 7iv7 ,the capacity to accept a detachable ammunition feeding device at some location outside of the pistol grip4 7v7 ,a semiautomatic version of an automatic firearm4 7vi7 ,a manufactured weight of #ej ounces or more when unloaded4 7vii7 ,a buffer tube1 arm brace1 or other part that protrudes horizontally behind the pistol grip4 7,e7 ,a semiautomatic pistol with a fixed ammunition feeding device that has the capacity to accept more than #aj rounds4 7,f7 ,a semiautomatic shotgun that has any one of the following3 7i7 ,a folding or detachable stock4 7ii7 ,a pistol grip4 7iii7 ,a fixed ammunition feeding device with the capacity to accept more than #e rounds4 7iv7 ,the ability to accept a detachable ammunition feeding device4 7v7 ,a forward grip4 7vi7 ,a functional grenade launcher4 7,g7 ,any shotgun with a revolving cylinder4 7,h7 ,any belt-fed semiautomatic firearm4 7,i7 ,any combination of parts from which a firearm described in subparagraph 7,a71 7,b71 7,c71 7,d71 7,e71 7,f71 7,g71 or 7,h7 can be assembled4 7,j7 ,the frame or receiver of a rifle or shotgun described in subparagraph 7,a71 7,b71 7,c71 7,f71 7,g71 or 7,h74 7#db7 ,the term barrel shroud-- 7,a7 means a shroud that is attached to1 or partially or completely encircles1 the barrel of a firearm so that the shroud protects the user of the firearm from heat generated by the barrel2 and 7,b7 does not include-- 7i7 a slide that partially or completely encloses the barrel2 or 7ii7 an extension of the stock along the bottom of the barrel which does not encircle or substantially encircle the barrel4 7#dc7 ,the term detachable ammunition feeding device means an ammunition feeding device that can be removed from a firearm without disassembly of the firearm4 7#dd7 ,the term fixed ammunition feeding device means an ammunition device that is permanently fixed to the firearm in such a manner that it cannot be removed without disassembly of the firearm4 7#de7 ,the term folding or detachable stock means a stock that folds1 detaches or otherwise operates to reduce the length1 size1 or any other dimension1 or otherwise enhances the concealability1 of the firearm4 7#df7 ,the term forward grip means a grip located forward of the trigger that functions as a pistol grip4 7#dg7 ,the term grenade launcher means an attachment for use on a firearm that is designed to propel a grenade or other similar destructive device4 7#dh7 ,the term pistol grip means a grip1 a thumbhole stock or ,thordsen-type grip or stock1 or any other characteristic that can function as a grip4 7#di7 ,the term threaded barrel means a feature or characteristic that is designed in such a manner to allow for the attachment of a device as a firearm silencer or a flash suppressor4 7#ej7 ,the term belt-fed semiautomatic firearm means any repeating firearm that-- 7,a7 utilizes a portion of the energy of a firing cartridge to extract the fired cartridge case and chamber the next round2 7,b7 requires a separate pull of the trigger to fire each cartridge2 and 7,c7 has the capacity to accept a belt ammunition feeding device4 4