❌ HB447
Regards the dollar caps on certain damages in civil actions
Current Status: In House Committee (Judiciary)
Summary
HB447 amends various sections of the Revised Code to increase the dollar caps on noneconomic damages and punitive damages in civil actions. It establishes a procedure for the Department of Taxation to adjust these caps annually based on the consumer price index. The bill specifies limits on compensatory damages for noneconomic loss and outlines the jurisdiction of courts regarding these damages.
Rationale
The bill increases government regulation over civil damages, which may conflict with the Libertarian principles of limiting government intervention and protecting individual rights. Both LP and LPO platforms emphasize minimal government interference in personal and economic matters, which this bill does not support.
Risks and Concerns
- Increased government control over civil litigation
- Potential for reduced individual compensation in tort cases
- Encouragement of government involvement in private disputes