Page "Contract with America" Paragraph 22

An act to institute " Loser pays " laws ( H. R. 988, passed 232-193, 3 / 7 / 95 ), limits on punitive damages and weakening of product-liability laws to prevent what the bill considered frivolous litigation ( H. R. 956, passed 265-161, 3 / 10 / 95 ; passed Senate 61-37, 5 / 11 / 95, vetoed by President Clinton ).

Another tort reform bill, the Private Securities Litigation Reform Act was enacted in 1995 when Congress overrode a veto by Clinton.