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SPORTS GEAR PRODUCT LIABILITY LIMITS LIKELY TO PASS NOW
Published November 10, 1994
CNN's Irv Chapman reports on the effect of a Republican gain of both houses of Congress on bills addressing business concerns, specifically product liability limitations. Chapman says makers of medical equipment, new drugs, and "even" sports gear are "desperate to cut back on lawsuits when products harm consumers." The industry "says trial lawyers have run costs up to a hundred billion dollars a year. A bill to limit damages was roadblocked and is now more likely to pass." Product Liability Coordinating Committee Exec Director said the legislation "has been opposed and stopped by a number of very powerful" Democratice leaders or committee chairs ("Moneyline," 11/9).