1. Short title This Act may be cited as the Assault Weapon Financing Accountability Act . 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