President's Statement on House Passing Class Action Reform Bill

President's Statement on House Passing Class Action Reform Bill

I commend the House for passing a class action reform bill that will help protect people who are wrongfully harmed while reducing the frivolous lawsuits that clog our courts, hurt the economy, cost jobs, and burden American businesses. Junk lawsuits have helped drive the cost of America's tort system to more than 240 billion dollars a year - greater than any other major industrialized nation. This bill is an important step forward in our efforts to reform the litigation system and to continue creating jobs and growing our economy. I look forward to signing the bill into law. # # #
For Immediate Release Office of the Press Secretary February 17, 2005

RELATED:

• Class Action Bill S.5 President's Statement on Class Action Bill ( Class Action Fairness Act of 2005 S.5)