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Mr. Speaker, I rise in opposition to S. 5 and in support of the Democratic Substitute.
“The Senate just passed a bill 72-26 which is designed to funnel class-action suits with plaintiffs in different states out of state courts and into the federal court system, which is typically much less sympathetic to such litigation.
“The practical effect of the change could be that many cases will never be heard given how overburdened federal judges are, which might help limit the number of cases….
So, that is the word on the Street about this bill. From the Big Tobacco Companies who face liability for lying and concealing the effects of smoking, to the Big oil companies that have contaminated ground water in New England, California, and elsewhere with MTBE, to the asbestos companies – the word is going out that this legislation will help shut off the ability of those who have been harmed to seek redress for that harm.
That may be good new for those who invest in the stocks of those companies, but it is bad news for ordinary Americans who have been harmed by tobacco, poisoned with MTBE in their drinking water, or asbestos in their lungs.
I urge defeat of S. 5, and I urge support for the Democratic Substitute.
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