I'm guessing semi-automatic only because it uses a magazine, but I really have no idea what it's for. I'm sure this will be a easy answer for some of you guys! Thanks Bob
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Okay, that one you have seems to have an extra part in there that I don't recognize.
It looks like the "disconnector" for an M2 (select-fire) carbine.
The disconnector, and the lever that goes along with it, are parts that are only needed for fully-automatic shooting.
It keeps the hammer from following the bolt forward. It won't let the hammer fall again until the bolt is back fully forward and locked from the previous shot.