Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Product Liability Reform


Washington Outlook: CAPITAL WRAPUP

PRODUCT-LIABILITY REFORM

After 20 years of snags, product-liability reform looks imminent. The White House and Senate Republicans have struck a compromise that Majority Leader Trent Lott (R-Miss.) may bring to a vote in July. The bill falls far short of backers' original goal: It sets a $250,000 cap on punitive damages--but just for companies with less than $5 million in revenue and fewer than 25 employees. Lobbyists want Big Business to go along with this bill and try for more later.EDITED BY OWEN ULLMANN


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus