A recent investigation by the US House of Representatives Committee on Oversight and Reform indicates that five major gun manufacturers generated more than $1 billion in revenue from sales of assault rifles over the past decade. The findings come in the wake of devastating mass shootings, with the panel highlighting the alarming rise in sales, particularly during 2021, when one company saw its revenue from assault rifles triple to over $120 million.
The committee’s report criticizes the profit-driven tactics employed by these manufacturers, noting their reliance on manipulative marketing strategies aimed at young consumers, and reveals a troubling lack of safety data concerning their products. Lawmaker Carolyn Maloney emphasized that these practices are “deeply disturbing” and called for urgent legislative action to ban assault weapons and end the liability protections enjoyed by gunmakers. The issue remains pressing as the nation grapples with the impact of gun violence.
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