On the recordMarch 9, 1995
today we are going to address H.R. 956, common sense product liability reform. In the last 40 years we have passed one product liability reform bill. What has it done? It was passed for single-engine aircraft. And in the Fourth District of Kansas it has created 7,000 jobs, thanks to the vision of Russ Meyers who heads up Cessna Aircraft. In 1977, we were building over 13,000 aircraft in the single-engine aircraft business. And Cessna was building over half of those. By 1986 they had to quit building aircraft because of lawsuits. By 1994 they were down to 600 single-engine aircraft and many of them were built overseas. Product liability reform works and the choice is clear. If you protect trial lawyers who are getting rich from lawsuits--they get over 50 cents of every dollar in the cost of a lawsuit--or you created jobs. It is lawsuits or lunch buckets. I support more lunch buckets and less lawsuits. Let us pass H.R. 956.
Source
govinfo.gov
