On Thursday, December 18 at 10:15am, in Room 103 of the New Jersey State House, NJCJI is participating in a press conference with Sen. Steven Oroho (R-24) and other business groups on the need for legal reform in New Jersey.
Sen. Oroho is championing a bill, S2293, which would make some basic, technical changes to New Jersey’s Consumer Fraud Act that the business community has long desired.
New Jersey’s businesses face a challenging economy coupled with high business costs, but they are also taking another serious hit – from excessive litigation. New Jersey needs legal reform if it is to continue to be home to the world’s most innovative industries. In the short run, legal reform can send an important pro-business message without the loss of tax receipts or an increase in spending. In the long run, states with improved litigation climates see more economic activity, leading to increased revenue collections.
Sen. Oroho’s CFA legislation is one of five common sense reform bills with bipartisan sponsorship currently under consideration in the legislature. The passage of this legal reform package, particularly Sen. Oroho’s bill, would go a long way toward improving New Jersey’s litigious reputation.
Please let us know if you would like to join us at the press conference.