ABA Joins Coalition Calling for Liability Relief Legislation

As states begin to slowly reopen local economies and businesses begin to resume normal operations, the American Bankers Association joined a broad coalition of advocacy groups and other organizations in a letter today urging lawmakers to enact “temporary and targeted liability relief legislation” to safeguard businesses, nonprofits and others from lawsuits as employees return to workplaces. The groups advocated for protections for these and other entities that would be “limited in scope and preserve recourse for those harmed by truly bad actors who engage in egregious misconduct.”

“Absent a targeted safe harbor for those that work to follow applicable guidelines, the fear and uncertainty from boundless liability threatens to impede our country’s social and economic recovery,” the groups wrote. “In the wake of prior crises, Congress came together to pass timely and targeted liability protections with strong bipartisan support because lawmakers understood the acute economic threat of lawsuits at moments of maximum economic vulnerability.”