Consumer Price Reduction Act

[AI summary unavailable — showing source text] Consumer Price Reduction Act - Requires, in product liability actions, application of the law of: (1) the State in which the product was first sold to a retail purchaser in actions against the manufacturer; and (2) the State in which the product was first sold to a retail purchaser in actions against the seller. Requires punitive damages awarded in product liability actions governed by those rules to be deposited in the Crime Victims Fund established by the Victims of Crime Act of 1984. Requires costs and attorney's fees to be awarded to the prevailing party.…