The text is a response from man Dick Armey in support of H.R. 1058, the Securities Litigation Reform Act. He discusses the need for common sense in the legal system due to the increase in lawsuits and the abuse of the system. The Act aims to end abusive practices in securities litigation, such as strike lawsuits and fishing expeditions, by implementing reforms like prohibiting lawyers from paying fees to entice plaintiffs and requiring specific facts in complaints. Armey expresses his support for the Act and thanks the recipient for contacting him.