House File 772 H-1390 Amend House File 772 as follows: 1 1. Page 1, after line 31 by inserting: 2 < a. “Inflation” means the annual percentage change in the 3 United States department of labor, bureau of labor statistics, 4 consumer price index for all urban consumers for the midwest 5 region, all items, or its successor index. > 6 2. Page 1, line 32, by striking < a. > and inserting < b. > 7 3. Page 2, line 1, by striking < b. > and inserting < c. > 8 4. Page 2, line 8, after < dollars, > by inserting < as 9 adjusted for inflation pursuant to subsection 3, > 10 5. Page 2, after line 9 by inserting: 11 < 3. a. The limitation on damages set forth in subsection 2 12 shall be adjusted by the secretary of state for inflation as of 13 January 1, 2023, and each January 1 every two years thereafter. 14 b. The secretary of state shall certify the adjusted 15 limitation on damages within fourteen days after the 16 appropriate information is available. 17 c. The adjustments made pursuant to this subsection shall 18 be based on the cumulative annual adjustment for inflation for 19 each year since the effective date of this Act. 20 d. The adjustments made pursuant to this subsection shall be 21 rounded upward or downward to the nearest ten-dollar increment. 22 e. The applicable limitation on damages to a cause of action 23 shall be the limitation in effect when the cause of action 24 arises. > 25 ______________________________ DEYOE of Story -1- HF 772.2046 (2) 89 cm/jh 1/ 1 #1. #2. #3. #4. #5.