Date: May 10, 1995
Subject: Product Liability Overhaul
Description: Passage of the bill to rewrite the rules governing product liability suits in federal and state courts. The legislation caps punitive damage awards against small companies and places new limits on such damage awards against larger companies, thereby reducing consumer costs and increasing product availability. The bill also abolishes so-called joint and several liability for non-economic damages, such as pain and suffering.
Result: Bill Passed, 61-37
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