No official summary available for this bill.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4289 Introduced in House (IH)]
<DOC>
118th CONGRESS
1st Session
H. R. 4289
To amend title 18, United States Code, to prohibit short-term, Buy Now,
Pay Later loans for the purchase of semiautomatic assault weapons.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 22, 2023
Mr. Larson of Connecticut (for himself, Mr. Swalwell, Ms. Norton, Mr.
Evans, Mr. Neguse, Ms. Pettersen, Ms. Lee of California, Ms. Williams
of Georgia, Mr. Blumenauer, Mrs. Napolitano, Mr. Lynch, Mr. Pascrell,
Ms. Garcia of Texas, Mr. Doggett, Ms. Moore of Wisconsin, Mr. Landsman,
Mr. Khanna, Mr. Grijalva, Ms. Porter, Mr. Moskowitz, Mr. McGovern, and
Mr. Raskin) introduced the following bill; which was referred to the
Committee on the Judiciary
_______________________________________________________________________
A BILL
To amend title 18, United States Code, to prohibit short-term, Buy Now,
Pay Later loans for the purchase of semiautomatic assault weapons.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Assault Weapon Financing
Accountability Act''.
SEC. 2. BUY NOW, PAY LATER LOANS PROHIBITED FOR SEMIAUTOMATIC ASSAULT
WEAPON SALES.
(a) Buy Now, Pay Later Loans Prohibited for Semiautomatic Assault
Weapon Sales.--Section 922 of title 18, United States Code, is amended
by adding at the end the following:
``(aa) Buy Now, Pay Later Loans for Semiautomatic Assault
Weapons.--
``(1) Loans.--It shall be unlawful for any person, in or
affecting interstate or foreign commerce, to make a Buy Now,
Pay Later loan to an individual to purchase a semiautomatic
assault weapon.
``(2) Dealers accepting buy now, pay later loans.--It shall
be unlawful for any dealer, manufacturer, or importer, in or
affecting interstate or foreign commerce, knowingly to accept
funds obtained by an individual not licensed under this chapter
through a Buy Now, Pay Later loan for such individual to
purchase a semiautomatic assault weapon.
``(3) Buy now, pay later loan defined.--For the purposes of
this subsection, the term `Buy Now, Pay Later loan' means a
loan--
``(A) made primarily for personal, family, or
household purposes; and
``(B) payable in four or fewer installments not
including a down payment.''.
(b) Penalties Relating To Buy Now, Pay Later Loans for
Semiautomatic Weapon Sales.--Section 924 of title 18, United States
Code, is amended by adding at the end the following:
``(q) Penalties Relating To Buy Now, Pay Later Loans for
Semiautomatic Weapon Sales.--
``(1) Persons offering buy now, pay later loans.--With
respect to each violation of section 922(aa)(1) by a person,
such person shall be, after notice and opportunity for hearing,
assessed a civil penalty of $100,000 by the Attorney General.
``(2) Accepting buy now, pay later loans.--With respect to
each violation of section 922(aa)(2) by a dealer, manufacturer,
or importer, such dealer, manufacturer, or importer shall be,
after notice and opportunity for hearing, assessed a civil
penalty of $100,000 by the Attorney General.''.
(c) Definitions.--Section 921(a) of title 18, United States Code,
is amended by adding at the end the following:
``(38) The term `semiautomatic pistol' means any repeating firearm,
other than a shotgun or rifle, that--
``(A) utilizes a portion of the energy of a firing
cartridge to extract the fired cartridge case and chamber the
next round; and
``(B) requires a separate pull of the trigger to fire each
cartridge.
``(39) The term `semiautomatic shotgun' means any repeating shotgun
that--
``(A) utilizes a portion of the energy of a firing shell to
extract the fired shell casing and chamber the next round; and
``(B) requires a separate pull of the trigger to fire each
shell.
``(40) The term `semiautomatic assault weapon' means any of the
following, regardless of country of manufacture or caliber of
ammunition accepted:
``(A) A semiautomatic rifle that has the capacity to accept
a detachable ammunition feeding device and any one of the
following:
``(i) A pistol grip.
``(ii) A forward grip.
``(iii) A folding or detachable stock, or stock
that is otherwise foldable or adjustable in a manner
that operates to reduce the length, size, or any other
dimension, or otherwise enhances the concealability of
the weapon.
``(iv) A functional grenade launcher.
``(v) A barrel shroud.
``(vi) A threaded barrel.
``(B) A semiautomatic rifle that has a fixed ammunition
feeding device with the capacity to accept more than 10 rounds,
except for an attached tubular device designed to accept, and
is capable of operating with, .22 caliber rimfire ammunition.
``(C) Any part, combination of parts, component, device,
attachment, 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 machinegun.
``(D) A semiautomatic pistol that has the capacity to
accept a detachable ammunition feeding device and any one of
the following:
``(i) A threaded barrel.
``(ii) A second pistol grip.
``(iii) A barrel shroud.
``(iv) The capacity to accept a detachable
ammunition feeding device at some location outside of
the pistol grip.
``(v) A semiautomatic version of an automatic
firearm.
``(vi) A manufactured weight of 50 ounces or more
when unloaded.
``(vii) A buffer tube, arm brace, or other part
that protrudes horizontally behind the pistol grip.
``(E) A semiautomatic pistol with a fixed ammunition
feeding device that has the capacity to accept more than 10
rounds.
``(F) A semiautomatic shotgun that has any one of the
following:
``(i) A folding or detachable stock.
``(ii) A pistol grip.
``(iii) A fixed ammunition feeding device with the
capacity to accept more than 5 rounds.
``(iv) The ability to accept a detachable
ammunition feeding device.
``(v) A forward grip.
``(vi) A functional grenade launcher.
``(G) Any shotgun with a revolving cylinder.
``(H) Any belt-fed semiautomatic firearm.
``(I) Any combination of parts from which a firearm
described in subparagraph (A), (B), (C), (D), (E), (F), (G), or
(H) can be assembled.
``(J) The frame or receiver of a rifle or shotgun described
in subparagraph (A), (B), (C), (F), (G), or (H).
``(41) The term `barrel shroud'--
``(A) means a shroud that is attached to, or partially or
completely encircles, the barrel of a firearm so that the
shroud protects the user of the firearm from heat generated by
the barrel; and
``(B) does not include--
``(i) a slide that partially or completely encloses
the barrel; or
``(ii) an extension of the stock along the bottom
of the barrel which does not encircle or substantially
encircle the barrel.
``(42) The term `detachable ammunition feeding device' means an
ammunition feeding device that can be removed from a firearm without
disassembly of the firearm.
``(43) 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 firearm.
``(44) The term `folding or detachable stock' means a stock that
folds, detaches or otherwise operates to reduce the length, size, or
any other dimension, or otherwise enhances the concealability, of the
firearm.
``(45) The term `forward grip' means a grip located forward of the
trigger that functions as a pistol grip.
``(46) The term `grenade launcher' means an attachment for use on a
firearm that is designed to propel a grenade or other similar
destructive device.
``(47) The term `pistol grip' means a grip, a thumbhole stock or
Thordsen-type grip or stock, or any other characteristic that can
function as a grip.
``(48) 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 suppressor.
``(49) The term `belt-fed semiautomatic firearm' means any
repeating firearm that--
``(A) utilizes a portion of the energy of a firing
cartridge to extract the fired cartridge case and chamber the
next round;
``(B) requires a separate pull of the trigger to fire each
cartridge; and
``(C) has the capacity to accept a belt ammunition feeding
device.''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
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