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Article: Executive Summary
- Article from:
- Orange County Business Journal
- Article date:
- October 19, 1998
- Author:
CopyrightCopyright Orange County Business Journal Oct 19-Oct 25, 1998. Provided by ProQuest LLC. (Hide copyright information)
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COX BILLS
Both Houses of Congress passed legislation extending to the state courts OC Rep. Christopher Cox's 1995 Private Securities Litigation Reform Act, aimed at cutting down on frivolous class-action securities lawsuits. If signed by President Clinton as expected, the new bill would set a national standard for so-called "strike suits" and require that they be filed in federal court. The 1995 act is the only bill to become law over Clinton's veto. Also, the Cox-sponsored Internet Tax Freedom Act, putting a three-year moratorium on Internet taxes, was included in the funding bill passed by Congress, as was a measure to increase the number of visas for high-tech workers by up to 142,500 ...
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