House Judiciary Committee signs off on legislation that would repeal the Limitation of Liability...

|By:, SA News Editor
House Judiciary Committee signs off on legislation that would repeal the Limitation of Liability Act of 1851 that would limit BP (BP) and Transocean's (RIG) liability in the Gulf oil spill. The bill, which applies to both pending and future cases, passed 16-11, sending the measure to the full House for consideration.