Responsible Firearms Ownership and 2nd Amendment Issues


 
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     Following is the text of the settlement
agreement signed by Smith & Wesson.
 
 

                                                            March 17, 2000
                                                        Settlement Document

                                AGREEMENT

 Preamble

 The manufacturer parties to the Agreement and the Department of the Treasury, the Department
 of Housing and Urban Development, and the undersigned state, city and county parties to the
 Agreement enter into this Agreement to reduce the criminal misuse of firearms, combat the
 illegal acquisition, possession and trafficking of firearms, reduce the incidence of firearms
 accidents, and educate the public on the safe handling and storage of firearms. Furthermore, the
 manufacturer parties to the Agreement enter into this Agreement as a continuation of their
 efforts to make their firearms as safe as practicable for their customers and the public.
 Accordingly, in consideration of the commitments set forth below:

     1.The undersigned state, city, and county parties to the Agreement dismiss the
     manufacturer parties to the Agreement with prejudice from the lawsuits specified in
     Appendix A subject to any consent orders entered pursuant to paragraph VIII; and

     2.The undersigned state, city and federal parties to the Agreement agree to refrain from
     filing suit against the manufacturer parties to the Agreement on an equivalent cause of
     action.

 The parties agree that this Agreement constitutes the full and complete settlement of any and all
 claims that were raised or could have been raised in the subject litigation. The parties agree
 further that this Agreement does not constitute an admission of any violation of law, rule or
 regulation by the manufacturer parties to the Agreement, or any of their employees. Nothing in
 this Agreement shall be construed to be an admission of liability. The adoption of standards for
 firearms design and distribution in this Agreement shall not be construed as an admission by the
 manufacturer parties to the Agreement that practices they engaged in prior to the execution of
 this Agreement were negligent

 I. Safety and design.

     A.Each firearm make and model sold by each manufacturer party to this Agreement shall
     be tested by ATF or an agreed upon proofing entity against the following standards.
     Existing makes and models shall meet these standards within 60 days of execution of this
     Agreement unless a longer period is specified in the standard. New makes and models
     shall not be manufactured and sold after the execution of this Agreement unless they
     conform to these standards.
 

 1. Standards applicable to all handguns:

         a.Second "hidden" serial number. The gun must have both a visible serial
         number on the exterior of the frame or receiver, as well as a second serial
         number hidden on the interior of frame or receiver (e.g,., under the grips) or
         visible only with the aid of an optical instrument.

         b.External locking device. As an interim measure, until the implementation of
         I.A.1.c, within 60 days of execution of the Agreement, each firearm shall be
         supplied with an external locking device that effectively prevents the operation
         of the firearm when locked.

         c.Internal locking device. Within 24 months of execution of the Agreement,
         each firearm shall have a built-in, on-board locking system, by which the
         firearm can only be operated with a key or combination or other mechanism
         unique to that gun.

         d.Authorized user technology. The manufacturer parties to this Agreement
         shall each commit two percent of annual firearms sales revenues to the
         development of a technology that recognizes only authorized users and permits a
         gun to be used only by authorized persons. Within 36 months of the date of
         execution of this Agreement, this technology shall be incorporated in all new
         firearm designs, with the exception of curios and collectors' firearms. This
         requirement does not apply to existing designs currently in production.

         If the eight firearms manufacturers and/or importers with the largest United
         States firearms sales volume agree to incorporate authorized user technology in
         all firearms, the manufacturer parties to this Agreement will incorporate
         authorized user technology in all firearms.

         e.Child safety. Within 12 months of execution of the Agreement, each firearm
         shall be designed so that it cannot be readily operated by a child under the age
         of 6, Such mechanisms include: making the trigger pull resistance at least ten
         pounds in the double action mode; or designing the firing mechanism so that an
         average five year old's hands would be too small to operate the gun; or
         requiring multiple, sequenced actions in order to fire the gun.

         f.Minimum barrel length. Each firearm make and model must have a barrel
         length of at least 3", unless it has an average group diameter test result of 1.7" or
         less at seven yards, 3.9" or less at 14 yards, and 6.3" or less at 21 yards. The
         average group diameter test result is the arithmetic mean of the results of three
         separate trials, each performed on a different sample firearm of the make and
         model at issue. For each trial, the firearm shall fire five rounds at a target from
         the specified distance and the largest spread in inches between the center of any
         of the holes made in a test target shall be the result of the trial.

         g.Performance test: A sample of each firearm make and model will be
         test-fired with "proof cartridges" (cartridges loaded to generate excess pressure
         as set forth in accepted specifications for proof cartridges) to ensure the
         integrity of the material. At least one cartridge shall be fired from each chamber.
         Following this test firing, the firearm will be examined for hairline cracks or
         other signs of material failure and will pass this test only if there are no hairline
         cracks or other signs of material failure. Each firearm make and model shall
         also pass the following performance test: the gun shall fire 600 rounds, stopping
         only every 100 rounds to tighten any loose screws and to clean the gun (if
         required by the cleaning schedule recommended in the manual), or as needed to
         refill the empty magazine or cylinder to capacity before continuing. For any gun
         that loads other than with a detachable magazine, the tester shall pause every 50
         rounds for ten minutes. The tester shall use the ammunition recommended in the
         user's manual, or if none is recommended, any standard ammunition of the
         correct caliber in new condition. A gun shall pass this test if it fires the first 20
         rounds without a malfunction and the full 600 rounds with no more than 6
         malfunctions and without any crack or breakage of any operating part of the gun
         that increases the danger of injury. Malfunctions caused by failure to clean and
         lubricate, or by defective ammunition, shall not be counted.

         h.Drop test. Pass the more rigorous of (a) the SAAMI Standard drop test in
         effect on the date the firearm is sold, or (b) the following test: The gun shall be
         test-loaded, set such that it is ready to fire and dropped onto a steel plate or
         equivalent material of similar hardness from a height of one meter from each of
         the following positions: (1) normal firing position; (2) upside down; (3) on the
         grip; (4) on the muzzle; (5) on either side; and (6) on the exposed hammer or
         striker (or, if no exposed hammer or striker, on the rearmost part of the gun). If
         the gun is so designed so that its hammer or striker may be set in other positions,
         it shall be tested with the hammer or striker in each such position (but otherwise
         ready to fire).
 

 2. Additional standards for pistols:

         a.Safety device. The pistol must have a positive manually operated safety
         device as determined by standards relating to imported guns promulgated by
         ATF.

         b. Minimum length and height standards. The pistol's combined length and
         height must not be less than 10" with the height being at least 4" and the length
         being at least 6", unless it has an average group diameter test result of 1.7" or
         less at seven yards, 3.9" or less at 14 yards, and 6.3" or less at 21 yds. The
         average group diameter test result is the arithmetic mean of the results of three
         separate trials, each performed on a different sample firearm of the make and
         model at issue. For each trial, the firearm shall fire five rounds at a target from
         the specified distance and the largest spread in inches between the center of any
         of the holes made in a test target shall be the result of the trial.

         c. Magazine disconnector. Within 12 months of execution of the Agreement,
         each pistol shall have a magazine disconnector available for those customers
         who desire the feature.

         d. Chamber load indicator. Within 12 months of the execution of the
         Agreement, each pistol shall have a chamber load indicator painted a prominent,
         contrasting color or a feature that allows the operator physically to see the
         round in the chamber.

         e.Large capacity magazines. No pistol make or model designed after January
         1, 2000 shall be able to accept magazines manufactured prior to September 14,
         1994, with a greater than 10 round capacity, and such models shall not be
         capable of being easily modified to accept such magazines. Nor shall
         ammunition magazines that are able to accept more than 10 rounds be sold by
         the manufacturer parties to this Agreement or their authorized dealers and
         distributors. See Part II.A.1.h, below.

         f.Additional safety features. Each pistol must have a firing pin block or lock.

     3.Additional standard for revolvers. Each revolver make and model must pass a safety
     test. Each make and model must have a safety feature which automatically (for a double
     action revolver) or by manual operation (for a single action revolver) causes the hammer
     to retract to a point where the firing pin does not rest upon the primer of the cartridge. The
     safety device must withstand the impact of a weight equal to the weight of the revolver
     dropping from a distance of 1 meter in a line parallel to the barrel upon the rear of the
     hammer spur, a total of 5 times.

     B. Law enforcement and military exception. An exception to a requirement of paragraph
     A may be granted for firearms manufactured or imported for sale to a law enforcement
     agency or the military if the law enforcement agency or military organization certifies to
     the manufacturer party to this Agreement that the exception is necessary for official
     purposes. Where a law enforcement agency authorizes or requires its officers to purchase
     firearms individually for official use, an appropriate certification from the agency will be
     permitted to apply to sales to a number of individual officers. The manufacturer party to
     this Agreement shall maintain the certification in its records and provide a copy to the
     Oversight Commission. Firearms sold to law enforcement or the military pursuant to this
     exception, which do not comply with the design standards of this Agreement, will be
     accompanied by a statement:

         1."On (date), (manufacturer parties to this Agreement) and (governmental parties to
         this Agreement) entered into an Agreement establishing certain design standards for
         firearms sold to civilians. Pursuant to that Agreement, we are obliged to inform you
         that this firearm does not comply with all of the design standards of the Agreement.
         We are further obliged to request that you not resell this firearm to civilians. This
         statement is not intended to suggest that there are any design flaws with this firearm,
         and you remain entitled to dispose of it in any lawful manner."

     C.Warnings about safe storage and handling. Within 6 months of execution of this
     Agreement, manufacturer parties to this Agreement shall include in the packaging of each
     firearm sold a warning on risk of firearms in the home and proper home storage. At a
     minimum, these warnings shall state in 14 point type, bold face:

         "This handgun is not equipped with a device that fully blocks use by unauthorized
         users. More than 200,000 firearms like this one are stolen from their owners every
         year in the United States. In addition, there are more than a thousand suicides each
         year by younger children and teenagers who get access to firearms. Hundreds more
         die from accidental discharge. lt is likely that many more children sustain serious
         wounds, or inflict such wounds accidentally on others. In order to limit the chance of
         such misuse, it is imperative that you keep this weapon locked in a secure place and
         take other steps necessary to limit the possibility of theft or accident. Failure to take
         reasonable preventative steps may result in innocent lives being lost, and in some
         circumstances may result in your liability for these deaths."

     D.Illegal Firearms. The manufacturer parties to this Agreement shall not sell firearms that
     can be readily converted to an illegal firearm, that is, a weapon designed in a manner so
     that with few additional parts and/or minimal modifications an owner can convert the
     firearm to an illegal fully automatic weapon; nor shall the firearms be designed so that
     they are resistant to fingerprints.
 

 II. Sales and distribution.

 In addition to complying with specific terms, the manufacturer parties to this Agreement will
 agree for themselves and as part of any distribution or agency agreement that they, and their
 authorized distributors and authorized dealers, including franchisees, shall commit to a
 standard of conduct to make every effort to eliminate sales of firearms that might lead to illegal
 firearm possession and/or misuse by criminals, unauthorized juveniles, and other prohibited
 persons ("suspect firearms sales"). Suspect firearm sales include sales made to straw
 purchasers, multiple sales of handguns without reasonable explanation (excluding sales to
 FFLs), and sales made to any purchaser without a completed background check.

 As specified in Part II.A.2 below, the manufacturer parties to this Agreement will take action
 against dealers and distributors that violate these requirements if the manufacturers receive
 actual notice of such a violation.

 A. Authorized distributors and dealers.

         1.The manufacturer parties to this Agreement may sell only to authorized
         distributors and authorized dealers. In order to qualify to become an authorized
         distributor or authorized dealer, the distributor or dealer must agree in writing
         to:

                 a.Possess a valid and current federal firearms license, and all other
                 licenses and permits required by local, state or federal law, and
                 certify on an annual basis, under penalty of perjury, compliance with
                 all local, state and federal firearms laws.

                 b.Execute in the presence of the purchaser the following elements of
                 all firearms transactions at the premises listed on its federal firearms
                 license: completion of the forms and related requirements under the
                 Brady Act and the Gun Control Act and physical transfer of the
                 firearm.

                 c.Where available, carry insurance coverage against liability for
                 damage to property and for injury to or death of any person as a result
                 of the sale, lease, or transfer of a firearm in amounts appropriate to its
                 level of sales, but at a minimum no less than $1 million for each
                 incident of damage, injury or death.

                 d.Make no sales at gun shows unless all sales by any seller at the gun
                 show are conducted only upon completion of a background check.

                 e.Within 24 months of the date of execution of this Agreement,
                 maintain an inventory tracking plan for the products of the
                 manufacturer parties to this Agreement that includes at a minimum the
                 following elements:

                     (1)Electronic recording of the make, model, caliber or gauge,
                     and serial number of all firearms that are acquired no later than
                     one business day after their acquisition and electronic recording
                     of their disposition no later than one business day after their
                     disposition. Monthly backups of these records shall be
                     maintained in a secure container designed to prevent loss by fire,
                     theft, or other mishap.

                     (2)All firearms acquired but not yet disposed of must be
                     accounted for through an electronic inventory check prepared
                     once each month and maintained in a secure location.

                     (3)For authorized dealers and franchisees, all ATF Form 4473
                     firearm transaction records shall be retained on the dealer's
                     business premises in a secure container designed to prevent loss
                     by fire, theft, or other mishap.

                     (4)If an audit of a distributor's or dealer's inventory reveals any
                     firearms not accounted for, the distributor or dealer shall be
                     subject to sanctions, including termination as an authorized
                     distributor or dealer.

                 f.Implement a security plan for securing firearms, including firearms
                 in shipment. The plan must satisfy at least the following requirements:

                     (1)Display cases shall be locked at all times except when
                     removing a single firearm to show a customer, and customers
                     shall handle firearms only under the direct supervision of an
                     employee;

                     (2)All firearms shall be secured, other than during business
                     hours, in a locked fireproof safe or vault in the licensee's
                     business premises or in another secure and locked area; and

                     (3)Ammunition shall be stored separately from the firearms and
                     out of reach of the customers.

                 g.Require persons under 18 years of age to be accompanied by a
                 parent or guardian when they are in portions of the premises where
                 firearms or ammunition are stocked or sold.

                 h.Not sell ammunition magazines that are able to accept more than 10
                 rounds regardless of the date of manufacture, not sell any
                 semiautomatic assault weapon as defined in 18 U S.C. 921 (a)(30)
                 regardless of the date of manufacture, provide safety locks and
                 warnings with firearms, as specified in Section I above, and sell only
                 firearms that comport with the design criteria of this Agreement.

                 I.Provide law enforcement, government regulators conducting
                 compliance inspections, and the Oversight Commission, for purposes
                 of determining compliance with conditions imposed as a result of this
                 Agreement, or for any other authorized purpose, full access to any
                 documents related to the acquisition and disposition of firearms
                 deemed necessary by one of those parties.

                 j.Participate in and comply with all monitoring of firearms
                 distribution by manufacturers, ATF or law enforcement.

                 k.Maintain an electronic record of all trace requests initiated by ATF,
                 and report those trace requests by make, model and serial number of
                 firearm, date of trace, and date of sale to the manufacturer of the
                 firearm on a monthly basis, unless ATF, for investigative reasons,
                 directs the licensee not to report certain traces.

                 l.Agree to cooperate fully in the oversight mechanism established in
                 Section III of this Agreement, including providing access to all
                 necessary documents, and to be subject to the jurisdiction of the court
                 enforcing this Agreement.

                 m.Require all employees to attend annual training developed by
                 manufacturers in consultation with ATF and approved by the
                 Oversight Commission. The training shall cover at a minimum: the
                 law governing firearms transfers by licensees and individuals; how to
                 recognize straw purchasers and other attempts to purchase firearms
                 illegally; how to recognize indicators that firearms may be diverted
                 for later sale or transfer to those not legally entitled to purchase them;
                 how to respond to those attempts; and the safe handling and storage of
                 firearms. New employees will receive training on the above topics,
                 based on materials developed for the annual training, before handling
                 or selling firearms and shall attend annual training thereafter. Such
                 training may be delivered by electronic medium. Within 12 months of
                 the date of execution of this Agreement and annually thereafter, the
                 manufacturer parties to this Agreement will obtain from all authorized
                 dealers and distributors certifications that such training has been
                 completed, with a list of the names of all trained employees.

                 n.Require all employees to pass a comprehensive written exam,
                 which shall be developed by the manufacturers in consultation with
                 ATF and approved by the Oversight Commission, on the material
                 covered in the training before being allowed to sell or handle
                 firearms. Any employee who fails to pass the exam shall be
                 prohibited from selling or handling firearms on behalf of the
                 distributor or dealer. The annual certification discussed in II A. l .m,
                 above, will include certification that all employees have passed the
                 exam.

         o.Not complete any transfer of a firearm prior to receiving notice from the NICS
         that the transferee is not a prohibited person under the Gun Control Act.

             p.Verify the validity of a licensee's federa1 firearms license before
             transferring a firearm to that licensee.

             q.Forgo any transfer of a firearm to a licensee if the dealer or distributor
             knows the licensee to be under indictment for violations of the Gun Control
             Act or any violent felony or serious drug offense as defined in 18 U.S.C. §
             924(e)(2).

         r.Transfer firearms only:

                 (1)To individuals who have demonstrated that they can safely handle
                 and store firearms through completion of a certified firearms safety
                 training course or by having passed a certified firearms safety
                 examination.

                 (2)After demonstrating to the purchaser how to load, unload, and
                 safely store the firearm, and how to engage and disengage all safety
                 devices on the firearm.

                 (3)After providing the purchaser with a copy of the ATF Disposition
                 of Firearms Notice.

                 (4)After obtaining the purchaser's signature on a form certifying that
                 the purchaser has received the instruction described in subparagraph
                 (2) and the notice described in subparagraph (3) and maintaining that
                 form in its files.

                 (5)After providing the purchaser with a written record of the make,
                 model, caliber or gauge, and serial number of each firearm transferred
                 to enable the purchaser to accurately describe the firearm to law
                 enforcement in the event that it is subsequently lost or stolen.

 2.The manufacturer parties to the Agreement shall incorporate into any distribution or agency
 agreement with their authorized distributors and authorized dealers, including franchisees,
 procedures for terminating distributors, dealers or franchisees that engage in conduct in
 violation of this Agreement. Distributors and dealers shall agree to this enforcement system as
 a condition of becoming authorized. The manufacturer parties to this Agreement shall require
 annual certification by their authorized dealers and distributors that they are in compliance with
 the requirements in II.A.l(a-r) of this Agreement and applicable provisions of B. and C., below.
 If the manufacturer parties to this Agreement receive actual notice of a violation of the
 Agreement through their course of dealing with their authorized dealers and distributors, from
 ATF, state or local law enforcement, the Oversight Commission, another dealer or distributor,
 a customer or other credible source, the manufacturer parties to this Agreement will either
 immediately terminate sales to the dealer or distributor in violation or take the following
 actions. The manufacturer(s) that have authorized the dealer or distributor to sell its/their
 firearms will, individually or collectively, notify the dealer or distributor within seven (7)
 business days of learning of such violation and inform the dealer or distributor of the breach
 and request information regarding the breach. The distributor or dealer will then have fifteen
 (15) days to provide the manufacturer(s) with the requested information. If the manufacturer(s)
 determine that the dealer or distributor is in violation of this section of the Agreement, the
 manufacturer(s) will provide no further product to the distributor or dealer until the
 manufacturer(s) determine that the distributor or dealer is in compliance with the Agreement.

 The manufacturer(s) shall inform the Oversight Commission and ATF of its/their notifications
 and decisions and provide them with the information provided by the dealer or distributor. If
 the Oversight Commission determines that suspension or termination of the dealer or distributor
 is warranted, and the manufacturer(s) did not take this action, the Oversight Commission shall
 direct the manufacturer(s) to do so.
 

 B. Authorized distributors - additional provision.

     Authorized distributors must agree to sell the manufacturer's products only to other
     authorized distributors or authorized dealers or directly to government purchasers,

     C.Authorized dealers--additional provisions.

     ln addition to the requirements in section II(A)(1), authorized dealers must agree:

         1.Not to sell any of the manufacturers' products to any federal firearms licensee that
         is not an authorized distributor or authorized dealer of that manufacturer.

         2.Not to engage in sales that the dealer knows or has reason to know are being made
         to straw purchasers.

         3.To adhere to the following procedure for multiple handgun sales. If a purchaser
         wants to purchase more than one handgun, the purchaser may take from the dealer
         only one handgun on the day of sale. The dealer at that point will file a Multiple
         Sales Report with ATF. The purchaser may take the additional handguns from the
         dealer 14 days thereafter. This provision shall not apply to sales to qualified private
         security companies licensed to do business within the State where the transfer occurs
         for use by the company in its security operations.

     D. Manufacturers.

     Each manufacturer must:

         1.Provide quarterly reports of its own sales data and downstream sales data, with the
         volume of sales by make, model, caliber and gauge, to ATF's National Tracing
         Center.

         2.Not market any firearm in a way that would make the firearm particularly appealing
         to juveniles or criminals' such as advertising a firearm as "fingerprint resistant."

         3.Refrain from selling any modified or sporterized semi-automatic assault pistol of a
         type that cannot be imported into the United States.

         4.Reaffirm their longstanding policy and practice of not placing advertisements in the
         vicinity of schools, high crime zones, or public housing.

         5.Verify the validity of a license against an ATF database before transferring a
         firearm to any licensee.

         6.Forgo any transfer of a firearm to a licensee if the manufacturer knows the licensee
         to be under indictment violations of the Gun Control Act or any violent felony or
         serious drug offense as defined in 18 U.S.C. sec. 994(e)(2)

         7.Implement a security plan for securing firearms, including firearms in shipment.
         The plan will include the following elements.

         a.Employee and visitor movement into and out of the manufacturer's facility will be
         only through designated security control points, and visitors will be admitted only
         after positive identification and confirmation of the validity of the visit. Employees
         and visitors will pass through a metal detector before leaving

             b.All areas where firearms are assembled and stored will be designated as
             restricted areas. Access will be authorized only for those employees whose
             work requires them to enter these areas or for escorted visitors. Protective
             barriers will be installed in restricted areas to deny or impede unauthorized
             access.

             c.Each facility or area where firearms, ammunition, or components are stored
             will be provided with a system to detect unauthorized entry.

             d.If firearms are shipped in cartons, the cartons will beard no identifying marks
             or words. The manufacturer parties to this Agreement will use only very strong
             cartons to protect against concealed pilferage in truck shipments, and large
             cartons will be secured with steel strapping in two directions. The manufacturer
             parties to this Agreement will use only carriers and freight forwarders that
             warrant in writing that they conduct criminal background checks on delivery
             personnel and report all thefts or losses of firearms to ATF within 48 hours of
             learning of the theft or loss. The manufacturer parties to this Agreement will
             inspect carriers' and forwarders' local facilities periodically.

         8.Encourage its authorized dealers and distributors to consent to up to three
         unannounced ATF compliance inspections each year.
 

 E. Corporate responsibility.

 If ATF or the Oversight Commission informs the manufacturer parties to this Agreement that a
 disproportionate number of crime guns have been traced to a dealer or distributor within three
 years of the gun's sale, the manufacturer(s) that have authorized the dealer or distributor to sell
 guns will either immediately terminate sales to the dealer or distributor or take the following
 actions. The manufacturers will, individually or collectively, notify the dealer or distributor of
 the disproportionate number within seven (7) days and demand an explanation and proposal to
 avoid a disproportionate number of traces in the future. The dealer or distributor will have
 fifteen (15) days to provide the explanation and proposal. If the manufacturer(s) determine that
 the explanation and proposal are not satisfactory, the manufacturer(s) will terminate supplies to
 the dealer or distributor. If the manufacturer(s) determine that the explanation and proposal are
 satisfactory, the manufacturer will continue supplies, but will closely monitor traces to the
 dealer or distributor in question. If disproportionate traces continue, the manufacturer(s) will
 terminate supplies to the dealer or distributor.

 The manufacturer(s) shall inform the Oversight Commission and ATF of its/their notifications
 and decisions and provide them with the information provided by the dealer or distributor. If
 the Oversight Commission determines that suspension or termination of the dealer or distributor
 is warranted, and the manufacturer(s) did not take this action, the Oversight Commission shall
 direct the manufacturer(s) to do so.

 Disproportionate number of crime guns: Upon execution of this Agreement, the Oversight
 Commission will convene to determine a formula to identify what constitutes a
 disproportionate number of crime guns. In determining the formula, the Oversight Commission
 shall consider the available data and establish procedures to ensure that the relevant data is
 obtained. This provision will not take effect until the Oversight Commission sets the formula
 and a mechanism for its implementation.

 III. Oversight

     A.Oversight Commission,

             1.Composition. An Oversight Commission comprised of five members shall be
             formed. The Commission members shall serve five-year terms except for first
             terms as noted and shall be appointed as follows:

                 a.Two members by the city and county parties to the Agreement. First
                 appointees to serve two- and three-year terms, respectively.

                 b.One by the State parties to the Agreement. First appointee to serve a
                 three year term.

                 cOne member by the manufacturer parties to the Agreement. First appointee
                 to serve a four-year term.

             d.One selected by ATF. First appointee to serve a five-year term.

     2.Authority. -- The Oversight Commission, which will operate by majority vote, will be
     empowered to oversee the implementation of this Agreement. Its authorities will include
     but not be limited to the authority to (1) review the findings of ATF or the proofing entity
     that will oversee the design and safety requirements of Part I of this Agreement, (2)
     maintain records of firearms sold pursuant to the law enforcement exception, as set forth
     in Part I.B of this Agreement, (3) review the safety training materials and test set forth in
     Parts II.A. l .m-n of this Agreement, and (4) participate in the oversight of the distribution
     and sales provisions established in Part II of this Agreement as set forth in Parts II.A.2 and
     II.E.

     The Oversight Commission shall have a staff, which will be entitled to inspect
     participating manufacturers and their authorized dealers and distributors to ensure
     compliance with the Agreement. The costs of the Commission shall be funded by the
     parties to the Agreement. Each manufacturer party to this Agreement will pay no more than
     $25,000 annually.

     B. Role of ATF. -- ATF will continue to issue' regulate and inspect federal firearms
     licensees, collect multiple sales forms, conduct firearms traces, investigate firearms
     traffickers and straw purchasers, enforce the Gun Control Act and the National Firearms
     Act and fulfill its other statutory responsibilities. To the extent consistent with law and the
     effective accomplishment of its law enforcement responsibilities, ATF will work with the
     manufacturer parties to the Agreement and the Oversight Commission to assist them in
     meeting their obligations under the Agreement. In particular, to the extent that ATF
     uncovers violations of the following provisions in its inspections or other contacts with
     federal firearms licensees, it will inform the Oversight Commission: II(A)(l)(a), (b),, (e),
     (h), (i), (j), (k), (o), (p), and (q), (C)(2) and (D)(1) and (5). Nothing in this paragraph
     shall diminish the obligation of the manufacturer parties to this Agreement to make
     reasonable efforts to identify noncompliance and respond to notifications of violations
     from parties other than ATF.
 

 C. Manufacturer cooperation

         1.Each manufacturer shall designate an executive level manager to serve as a
         compliance officer and shall provide the compliance officer with sufficient
         resources and staff to fulfill the officer's responsibilities under this agreement.

     2.The compliance officer shall be responsible for

             a.Ensuring that the manufacturer fulfills its obligations under this agreement,

             b.Training the manufacturer's officers and employees on the obligations imposed
             by this agreement; and

     c.Serving as the liaison to the Oversight Commission.

     3.Each manufacturer shall commit to full cooperation in the implementation and
     enforcement of this Agreement.
 

 IV. Cooperation with Law Enforcement.

         A.The manufacturer parties to this Agreement reaffirm their commitment to
         cooperate fully with law enforcement and regulators to eliminate illegal
         firearms sales possession.

         B. Within six (6) months of the effective date of this Agreement, if
         technologically available, the manufacturer parties to this Agreement shall fire
         each firearm before sale and enter the digital image of its casing along with the
         weapon's serial number into a system compatible with the National Integrated
         Ballistics Identification Network system. The digital image shall be made
         available electronically to ATF's National Tracing Center.

         C.Manufacturers shall participate in ATF's Access 2000 program to facilitate
         electronic linkage to their inventory system to allow for rapid responses to

         ATF's firearms trace requests.

     V. Legislation.

     The parties to this Agreement will work together to support legislative efforts to reduce
     firearms misuse and the development of authorized user technology.

     VI. Education trust fund.

     Upon resolution of the current lawsuits brought by cities, counties, or States, the
     manufacturer parties to this Agreement shall dedicate one percent of annual firearms
     revenues to a trust fund to implement a public service campaign to inform the public about
     the risk of firearms misuse, safe storage, and the need to dispose of firearms responsibly.

     VII. Most favored entity.

     If the manufacturer parties to this Agreement enter into an agreement with any other entity
     wherein they commit to institute design or distribution reforms that are more expansive
     than any of the above-enumerated items, such reforms will become a part of this
     Agreement as well.

     In addition, if firearms manufacturers that are not party to this Agreement agree to design
     or distribution reforms that are more expansive than any of the above enumerated items,
     and if the manufacturers who are party to the other agreement(s) with more expansive
     terms, in combination with the manufacturer parties to this Agreement, account for fifty
     percent or more of United States handgun sales, manufacturer parties to this Agreement
     will agree to abide by the same design and distribution measures.

     VIII. Enforcement

     The Agreement will be entered and is enforceable as a Court order and as a contract.
 

 Dated this _______ day of March, 2000

 Approved and Authorized by:

 Manufacturer parties to this Agreement:

 Smith & Wesson
 

 Governmental parties to this Agreement:
 

 Department of the Treasury
 Department of Housing and Urban Development
 

 State Parties to this Agreement:

 State of New York
 State of Connecticut

 City and County Parties to this Agreement:

 City of Atlanta, Georgia
 City of Berkeley, California
 City of Bridgeport, Connecticut
 City of Camden, New Jersey
 City of Detroit, Michigan
 City of Gary, Indiana
 City of Inglewood, California
 City of Los Angeles, California
 County of Miami-Dade, Florida
 City of San Francisco, California
 City of St. Louis, Missouri
 Posted: 2000-03-21