The House Oversight Committee has subpoenaed Smith & Wesson for key documents related to the company’s sale and marketing of AR-15-style firearms. The company failed to produce sufficient documents and information requested by the committee and the CEO refused to appear before Congress last month. The committee found that the five leading gun manufacturers under investigation raked in over “$1 billion in revenue over the past decades” through sales of AR 15-style rifles, according to a report. The report also noted that the company reported a record $1.1 billion overall sales in its latest annual earnings report — the highest in its 170-year history.
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