That was my first thought too. But the design doesn't match up to anything I've been able to find, Pedersoli, Uberti, ArmiSport, etc. All are similar with small variations, but all seem to have a pair of crossed pistols somewhere, the lanyard rings - if present- are on oppsite sides, and none have the 'US ' initials where the rifes cross.
I'm sure it is some form of Italian import, but the fact that it is uncommon makes it a bit of a mystery piece.