# 119-hr-8694: Assault Weapon Financing Accountability Act

119-hr-8694, Assault Weapon Financing Accountability Act, is a 119th Congress bill sponsored by Rep. Larson, John B. [D-CT-1] (D-CT); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8694
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8694
- Congress: 119
- Title: Assault Weapon Financing Accountability Act
- Status: introduced
- Introduced: 2026-05-07
- Sponsor: Rep. Larson, John B. [D-CT-1] (D-CT)
- Cosponsors: 21
- Policy area: Crime and Law Enforcement
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Ban on Buy Now, Pay Later financing for semiautomatic assault weapons.** This bill would bar Buy Now, Pay Later loans that are primarily for personal, family, or household purposes and payable in four or fewer installments with no down payment from being used to buy semiautomatic assault weapons. It would also expand federal definitions of semiautomatic pistols, rifles, shotguns, frames, receivers, and related parts to specify which weapons and components are covered.

## Cosponsors (21)

- Rep. Frost, Maxwell [D-FL-10] (D-FL), 2026-05-07T00:00:00.000Z
- Rep. Wilson, Frederica S. [D-FL-24] (D-FL), 2026-05-07T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-05-07T00:00:00.000Z
- Rep. Peters, Scott H. [D-CA-50] (D-CA), 2026-05-07T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2026-05-07T00:00:00.000Z
- Rep. Cleaver, Emanuel [D-MO-5] (D-MO), 2026-05-07T00:00:00.000Z
- Rep. Lynch, Stephen F. [D-MA-8] (D-MA), 2026-05-07T00:00:00.000Z
- Rep. Doggett, Lloyd [D-TX-37] (D-TX), 2026-05-07T00:00:00.000Z
- Rep. Johnson, Henry C. "Hank" [D-GA-4] (D-GA), 2026-05-07T00:00:00.000Z
- Rep. Pettersen, Brittany [D-CO-7] (D-CO), 2026-05-07T00:00:00.000Z
- Rep. Brownley, Julia [D-CA-26] (D-CA), 2026-05-07T00:00:00.000Z
- Rep. Menendez, Robert [D-NJ-8] (D-NJ), 2026-05-14T00:00:00.000Z
- Rep. Amo, Gabe [D-RI-1] (D-RI), 2026-05-14T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2026-05-14T00:00:00.000Z
- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2026-05-14T00:00:00.000Z
- Rep. Goldman, Daniel S. [D-NY-10] (D-NY), 2026-05-19T00:00:00.000Z
- Rep. Kennedy, Timothy M. [D-NY-26] (D-NY), 2026-06-08T00:00:00.000Z
- Rep. Smith, Adam [D-WA-9] (D-WA), 2026-06-08T00:00:00.000Z
- Rep. Craig, Angie [D-MN-2] (D-MN), 2026-06-08T00:00:00.000Z
- Rep. Latimer, George [D-NY-16] (D-NY), 2026-06-08T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2026-06-25T00:00:00.000Z

## Provisions PRIA read

- Fines for Buy Now Pay Later Violations: cost, high. If enacted, the bill would impose civil penalties of $100,000 for each violation of the BNPL ban. A lender who makes a prohibited Buy Now, Pay Later loan would face $100,000 per occurrence. A dealer, manufacturer, or importer who knowingly accepts BNPL funds would also face $100,000 per occurrence.…
- Ban Buy Now Pay Later Guns: cost, medium. If enacted, this bill would make it illegal to use a Buy Now, Pay Later loan to buy a semiautomatic assault weapon. It would also bar dealers, manufacturers, and importers from knowingly accepting BNPL funds from unlicensed buyers. The bill would add detailed, feature-based definitions of "semiauto…

## Related bills

- 119-hr-8800: National Defense Authorization Act for Fiscal Year 2027
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-15: Equality Act

## Sources
- [119-hr-8694 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8694)

## Related
- [119-hr-8800: National Defense Authorization Act for Fiscal Year 2027](https://policyrisk.com/legislation/119-hr-8800)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-15: Equality Act](https://policyrisk.com/legislation/119-hr-15)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8694 (as of 2026-09-21).