Passage of this legislation will curb egregious abuses of our nations's tort laws - abuses that sap our economy, eliminate jobs, pit neighbor against neighbor and injure our nation's global competitiveness. Our legal system acts like a hidden tax - a litigation tax on the American consumer. Liability insurance costs are 20 to 50 times higher in the United States than in the rest of the world. As a result, consumers pay more for goods and services. Our reforms will bring these costs down.
Lawsuit abuse is a national problem and justifies a Congressional solution.
For two decades, state legislatures have responded appropriately by enacting legal reforms.