Rod Grams: “Today is a day of victory and celebration for America's manufacturers, consumers, and taxpayers. Congress has finally…”

“Today is a day of victory and celebration for America's manufacturers, consumers, and taxpayers. Congress has finally succeeded in taking the first important step in overhauling our Nation's badly broken product liability system. Mr. President, I would like to commend my colleagues, Senators Gorton and Rockefeller for their endless hours of hard work and commitment to enacting long-needed product liability reforms. This truly is a significant accomplishment. Unfortunately, the President has already issued his press release stating that he will stop this important bill--dead in its tracks--with his veto pen. Despite bipartisan support, he claims this bill fails to 'fairly balance the interests of consumers with those of manufacturers and sellers.' Mr. President, I disagree. This bill is a good compromise; it's fair; and it does protect sellers, manufacturers and most importantly, consumers. Mr. President, too many people today are filing lawsuits in the hopes that they will hit the jackpot even if there is little merit to their case.”