Vote Smart's Synopsis:

Vote to pass a bill that sets limits on attorney’s fees or claims. The bill also sets limits on punitive damages that can be awarded based on the net worth of the defendant, including not more than $20 million if the defendant’s net worth is more than $1 billion and not more than 4 percent of a defendant’s net worth is $50 million or less. The bill also specifies that food manufacturers and producers are not liable for weight gain, obesity or health conditions due to long-term consumption of their food product. Additionally, the bill prohibits “product liability action” against manufacturers or retailers if the product caused harm ten years or more after the original sale, unless the warranty by the manufacturer specifies a longer “safe life” in writing.

Full Bill Text