That's correct. The Republican party has been trying to pass a loser pays system since the early 1990s at least, when they included it in their so called "Contract with America."
The fear mongering has been going on ever since:
The fear mongering has been going on ever since:
> An act to institute "Loser pays" laws (H.R.988, passed 232-193, March 7, 1995), limits on punitive damages and weakening of product-liability laws to prevent what the bill considered frivolous litigation (H.R.956, passed 265-161, March 10, 1995; passed Senate 61-37, May 11, 1995, vetoed by President Clinton [2]). Another tort reform bill, the Private Securities Litigation Reform Act was enacted in 1995 when Congress overrode a veto by Clinton.