Story highlights Monday marks the 10th anniversary of a law that provides limited protection for gun manufacturers against lawsuits

Larry Keane: Hillary Clinton has exaggerated the extent to which the law protects the industry

Larry Keane is senior vice president and general counsel for the National Shooting Sports Foundation, a firearms industry trade association representing manufacturers, distributors, retailers, shooting ranges, sportsmen's organizations and publishers. The opinions expressed in this commentary are his.

(CNN) Monday marks the 10th anniversary of the landmark Protection in Lawful Commerce in Arms Act. Hillary Clinton commented about it in the Democratic debate, but her claims about the law are blatantly false.

Attempting to draw a contrast to her opponent Sen. Bernie Sanders, Clinton said, "It was pretty straightforward to me that he was going to give immunity to the only industry in America. Everybody else has to be accountable, but not the gun manufacturers."

PLCAA simply blocks baseless lawsuits that attempt to hold firearms industry companies liable for the criminal actions of third parties who misuse the industry's lawfully sold products.

The debate was not the first time Clinton has prevaricated about the law.

At an October 7 forum in Iowa, she wrongly claimed, "They are the only business in America that is wholly protected from any kind of liability. They can sell a gun to someone they know they shouldn't, and they won't be sued. There will be no consequences."