Bush signs legislation

Friday, February 18, 2005.. President Bush signed legislation today aimed at discouraging multi-million dollar class-action lawsuits. He made very clear that his goals were for broader restraints as well. Next on his agenda, is to stop frivilous suits involving asbestos and medical malpractice. He was surrounded by a group of bi-partisan lawmakers as he signed the bill that has been strongly opposed by consumer groups and trial lawyers. Under the bill, class-action suits seeking $5 million or more would be heard in state court only if the primary defendant and more than one-third of the plaintiffs are from the same state. The president devotes a significant chunk of his time to attacking what he calls "junk and frivolous lawsuits". On Friday, he said such unnecessary litigation, particularly over medical and asbestos claims, is the reason that America's tort system -- at more than $240 billion a year -- is the largest of any industrialized nation. The result, Bush said, is small business owners in constant fear of bankruptcy and doctors leaving their practices. President Bush stated, "We're making important progress toward a better legal system,'' during an East Room signing ceremony for the class-action bill. "There's more to do.''
Yes, Mr. President, there is alot more to do.

Thanks to the AP for contributing