Wednesday, February 28, 2007

Business Court Bill Passes House Committee

Legislation that encourages common sense practices in Oklahoma's judicial system by creating special business courts passed a vote of the House Judiciary and Public Safety Committee today.
House Bill 2106, by House Speaker Lance Cargill, would create a specialized court docket to handle commercial and corporate disputes. "Oklahoma needs a dedicated forum that can efficiently resolve business cases and not leave small business owners in limbo for years waiting on the legal system," said Cargill (R-Harrah). "This will make Oklahoma more attractive to businesses of all shapes and sizes, to entrepreneurs looking to start a business, and to large corporations looking to expand. All these businesses will grow our state's job market and help us build long-term success."
HB 2106 is a key plank of the Entrepreneurial Society platform, part of the 2007 House Republican Year of Ideas Agenda. The measure passed with bipartisan support.
Cargill said the complex nature of most business cases, whether commercial or corporate, requires expertise and familiarity with specific areas of business law, creating a significant burden on regular trial courts. A specialized business docket will enhance the consistency, predictability and accuracy of decisions on business law issues, he said. "It's about looking out for small business owners instead of punishing them with burdensome bureaucracy," Cargill said. "And it's about promoting a legal system that makes it possible for clear, fair verdicts to be passed down in a timely fashion. Small business owners have created a majority of the jobs in this state. We owe them this much."
HB 2106 now moves forward for a vote of the full House.

Labels: , , ,

Share |