In CommitteeFiled May 7, 2026
Sponsor: Rep. Larson, John B. [D-CT-1] (D)
Latest Action
Referred to the House Committee on the Judiciary.
May 7, 2026
Summary
The Assault Weapon Financing Accountability Act makes it illegal for anyone to offer a short‑term Buy Now, Pay Later loan to purchase a semiautomatic assault weapon, and it also bars dealers, manufacturers, and importers from accepting such financing. Violations carry a $100,000 civil penalty per offense assessed by the Attorney General. The goal is to limit easy financing that can facilitate the acquisition of these firearms.
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