CONGRESS FOR VOTERS

John Larson (D-CT)

Assault Weapon Financing Accountability Act

H.R. 8694 · House bill Crime and Law Enforcement

A Democratic bill with 22 Democratic cosponsors · See all 22 cosponsors

Last activity — Referred to the House Committee on the Judiciary.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

The Assault Weapon Financing Accountability Act seeks to amend title 18 of the United States Code. It specifically targets the purchase of semiautomatic assault weapons through certain financing methods. Under this bill, it would be unlawful to provide a "Buy Now, Pay Later" loan for these specific firearms. Additionally, it prohibits dealers, manufacturers, or importers from knowingly accepting such funds for these purchases. The act establishes significant civil penalties for those who violate these new regulations.

Yes

  • Scored +5

    Does this put more limits on buying or owning guns?

    The bill restricts the purchase of semiautomatic assault weapons by prohibiting the use of 'Buy Now, Pay Later' financing methods.

The opposite· 3 of 4

  • Scored -5

    Does this protect the right to own guns?

    The bill restricts the acquisition of specific semiautomatic firearms by banning certain installment-based financing methods.

  • Scored -4

    Would gun owners be better off under this?

    The bill limits the methods through which individuals can finance the purchase of semiautomatic assault weapons.

  • Scored -2

    Would households on low incomes be better off under this?

    The bill restricts access to short-term installment financing for specific high-cost firearm purchases.