This afternoon, the Louisiana Legislature passed HB 57 by Speaker Clay Schexnayer (R-Gonzales), the Civil Justice Reform Act of 2020. LABI President and CEO Stephen Waguespack released the following statement:
“Today was a victory for common sense and the clear beginning of a new era in the Legislature focused on passing sensible solutions to improve Louisiana's legal climate. HB 57 is a strong first step for Louisiana's working families and job creators that will help begin the process of rebuilding Louisiana's insurance markets.
Passage of this bill is the culmination of many years of hard work and steadfast advocacy, and while we at LABI are extremely proud of contributing to these long time efforts, we are just as excited to see the overwhelming, bipartisan support in the Capitol for various legal reform measures shown repeatedly over the last month. This new Legislature is obviously hungry to change Louisiana's reputation for a poor legal climate and HB 57 appears to be simply the first bite at that apple. Our work has only just begun."
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About the Louisiana Association of Business and Industry
The Louisiana Association of Business and Industry was organized in 1975 to represent Louisiana businesses, serving as both the state chamber of commerce and state manufacturers association. LABI’s primary goal is to foster a climate for economic growth by championing the principles of the free enterprise system and representing the general interest of the business community through active involvement in the political, legislative, judicial and regulatory processes. Find out more information at www.labi.org.
To read a one pager about the bill, click HERE.