AUSTIN – Lt. Gov. Dan Patrick issued this statement today following the passage of Senate Bill 30, Curbing Nuclear Verdicts, by Sen. Charles Schwertner, R-Georgetown, on second reading (final passage on third reading later this evening):

“Nuclear verdicts have major financial consequences and can leave individuals and businesses in ruins. These monstrous verdicts drive up insurance costs for Texans and make it harder for businesses to effectively operate in Texas. I thank Sen. Schwertner for his leadership on this critical issue.”

Senate Bill 30, by Sen. Charles Schwertner, protects Texas citizens and businesses from dangerous “nuclear verdicts.”