The Bush administration has made liability reform a top priority. In Congress this January, Senator Charles Grassley (R-IA) plans to address the most urgent problem by introducing a bill to reform class action suits. While there is broad agreement on the need for improvements, many uncertainties remain. What are the detailed provisions of this bill? How effective will it be in stemming class action abuse? What are the bill's chances of becoming law? This AEI discussion will feature distinguished experts and practitioners who will examine and explain this vital piece of legislation.