When was the last time a large company was “sued to the ground” for wronging its customers or society? Heavily fined? Sure. Purdue went bankrupt, yet none of the family members are charged. They’ll just pop up another company or pass on the wealth to the next generation, and it’ll be another multi decade before that iteration is ‘sued to the ground.’ Like medicine, you should treat the symptoms, but you also need to prevent the symptoms from happening or else it’ll keep returning.

Not to mention, the companies are lobbying for it to be a LAW. If it gets passed and not vetoed, it means no one will be taking your lawsuit seriously.