At a time when Virginia has been dropping in nearly every business climate ranking, it is unwise to pass SB 111, which raises the caps on punitive damages from $350,000 to $500,000. Virginia’s longstanding reputation as a reasonable and balanced state for tort liability makes us more attractive to new businesses wishing to relocate here. Bills such as SB111 that will make litigation more costly would put that reputation and our existing businesses at risk. We should be finding ways to promote job creation and attract new businesses to Virginia, not creating new impediments to growth.

As such, the Virginia Chamber lead a coalition of business groups in opposing SB 111. You can read the full coalition letter here:

Punitive Damages Opposition Letter to GA 2016