I say to my friends, I know these are arguments they do not enjoy hearing, and I therefore appreciate the generosity. We all remember engines of cars exploding, company executives saying, ``Well, we figured we would have a few explosions. We write it off as a cost of doing business.'' This Senate wants to limit the punitive damages to those future companies that would act in such a despicable fashion. Most of our companies are good and most of them care, but the bad apples should know they will be hit with punitive damages, not just a slap on the wrist. Should this Republican contract pass, the most change will occur in the boardroom--not in the courtroom, in the boardroom--as people are getting ready to put new products on the market saying, well, we do not have to worry; the Senate, the Republican contract saved us from being hit with a meaningful punitive damages suit. So in closing, Mr. President, I wish to again thank my colleagues. I will be supporting some of these amendments that are coming before us because they will make the bill a little better. I will be opposing others. But nothing that we do here by way of amendment convinces me that we are on the right path.
Editor's note · Context
Addressing concerns about limiting punitive damages in legislation during Senate debate.
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