Balanced Reform protects citizens & improves business climate
Click here for Tort Reform audio quote from Speaker Harrell
(Columbia, SC) – Today, by a final vote of 100 to 7, the South Carolina House of Representatives passed a comprehensive Tort Reform bill (H. 3375) aimed at protecting both our state’s citizens and business from unfair lawsuit abuse.
Touted by many business organizations as one of the most effective economic improvement issues before the General Assembly, the measure will lower the cost of doing business in South Carolina and make our state more competitive by reducing frivolous lawsuits and placing a cap on punitive damages. Similar Tort Reform measures have already passed in neighboring states.
House Speaker Bobby Harrell issued the following statement about the House passing this key piece of legislation:
“The House has constantly fought for reforms that improve our state’s business climate and helps the private sector to create more jobs. Maintaining our low-tax, pro-business and competitive climate is key to our state’s economic recovery.
“Businesses in South Carolina – especially small businesses – are too often one frivolous lawsuit away from being put out of business. Our goal with this Tort Reform bill is to bring fair balance to our system, lower the cost of doing business and make our state more competitive while still protecting our citizens from wrongdoing.
“Under these lawsuit abuse reform provisions, businesses will be able to operate and grow without the constant threat of costly frivolous lawsuits or overly inflated settlements hanging over them. This fairly balanced system will protect our state’s citizens, greatly benefit existing businesses and will make our state more attractive to new businesses.
“Last year, the House passed a similar Tort Reform bill but the legislative session ended before it could become law. This year, the House took quick action on this key economic issue to give this measure plenty of time to become law this session.”
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