This act is a marketplace solution designed to provide product manufacturers, distributors, and sellers with affordable product liability insurance.
Ronald Reagan
The Public Record
Ronald Wilson Reagan was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. A member of the Republican Party, he previously held the office of governor of California from 1967 to 1975. Reagan's presidency is noted for significant tax cuts, a strong anti-communist foreign policy, and the deregulation of various industries. His administration also faced challenges such as the Iran-Contra affair and economic issues, including inflation and unemployment.
I have today signed into law H.R. 2120, the Product Liability Risk Retention Act of 1981.
The United States and Kenya have an impressive list of cooperation—or history, I should say—of cooperation and good relations.
I believe these talks have laid a foundation for expanding cooperation.
In short, the act is a good example of how the Federal Government can resolve a nationwide problem without creating additional programs or agencies.
We'll discover that everything will be all right as long as we talk to each other instead of about each other.
It also endorsed a new political status in which the three Micronesian Governments would enter into relationships of free association with the United States.
I can not and will not stand by and see financial hardship imposed on the more than 36 million senior citizens.





