After reaching a compromise, the South Carolina Senate, by a 39-0 vote, passed tort reform legislation Tuesday evening. The House version of the bill placed a cap on the first level of tort damages at $350,000 or three times the compensatory damages. The Senate compromise moved the number to $500,000 or three times the compensatory damages.
Sen. Larry Martin (R-Pickens) says this mirrors Florida’s punitive damages cap. He says he is confident about taking it to back to the House.
Supporters of the measure say it improves the business climate in the state, opening doors for new business investment and job growth.
Sen. Brad Hutto (D-Orangeburg) opposed the measure and pushed for a higher limit, so he is pleased with last night’s outcome.