Current law limits product liability actions against manufacturers
of firearms and ammunition to situations in which there was a defect in the design or manufacture of a firearm or ammunition. The bill repeals that limitation.
The bill defines the terms firearm industry member (industry
member) and firearm industry product (industry product) and requires each industry member that is engaged in the manufacture, distribution, importation, marketing, or wholesale or retail sale of an industry product in Colorado to establish and implement reasonable controls and precautions related to the industry product in its control (firearm industry standards of responsible conduct).
A cause of action is created for a person or entity that suffered
harm as a result of an industry member violation of the firearm industry standards of responsible conduct, or for the attorney general or the attorney general's designee, for enforcement and remedy of any harms caused as a result of an industry member's violation. An intervening act by a third party, including unlawful misuse of an industry product, does not prevent an industry member from being liable. A cause of action may be brought within 5 years after the date that the violation occurred or the harm was incurred.
