Howell Heflin said "I was speaking of the GAO report. I do not have it before me. But as I recall the GAO report indicated that the provisions of the bill--maybe it was a predecessor of it--in their judgment would not reduce transactions costs, and that one of the reasons was they felt it could possibly increase it was because of the alternate dispute resolution methods that were there--increasing it another hearing as well as the provisions dealing with bifurcation, separate hearings that you would have to go through--thereby bringing about additional lawyer's fees in regards to those proceedings, particularly on the defendant's side where there is an hour billable approach." @ PoliticalQuotes.com

On the recordMay 4, 1995

I was speaking of the GAO report. I do not have it before me. But as I recall the GAO report indicated that the provisions of the bill--maybe it was a predecessor of it--in their judgment would not reduce transactions costs, and that one of the reasons was they felt it could possibly increase it was because of the alternate dispute resolution methods that were there--increasing it another hearing as well as the provisions dealing with bifurcation, separate hearings that you would have to go through--thereby bringing about additional lawyer's fees in regards to those proceedings, particularly on the defendant's side where there is an hour billable approach.

Said by

Howell Heflin

Democratic · Alabama

Source

govinfo.gov

Editor's note · Context

Discussing the GAO report's implications on a bill's impact on transaction costs and legal fees.

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