Smith & Wesson Will Provide Mandatory Gun Safety Locks

July 7, 2008 - 8:02 PM

( - In what the Clinton administration is calling a "breakthrough agreement" with the federal government, Smith and Wesson will provide safety locks on its handguns within 60 days and will make its handguns child resistant within a year, according to a statement from the US Department of Housing and Urban Development (HUD).

The HUD statement said, "The agreement requires Smith & Wesson to install mandatory gun locks and other child safety devices on all guns, introduce "smart gun" technology in all newly designed handguns, bar guns sales-including gun show sales-without a background check of the buyer, and limit multiple handgun sales."

The agreement was signed by Smith & Wesson President and CEO LE Shultz. Signing for the Clinton administration were Housing and Urban Development Secretary Andrew Cuomo and Treasury Secretary Lawrence Summers.

The HUD statement also said, "The US government will require any additional gun manufacturers joining in the agreement to meet all the requirements set for Smith & Wesson with the possibility of some additional concessions."

HUD officials say the agreement is designed to "reduce the toll of gun violence." A commission made up of two representatives from local governments, one from selected states, one from Smith & Wesson and one selected by the US Bureau of Alcohol, Tobacco and Firearms (BATF) will oversee the agreement.

President Clinton at the White House praised the agreement and hoped other gun manufacturers will follow Smith & Wesson's lead.

"It has taken courage and vision for Smith & Wesson to be the first manufacturer to negotiate. I applaud their determination to do right by their company and their country," the President said.