In a recent interview, Kelly Loeffler, former Georgia Senator and now the head of the U.S. Small Business Administration in the Trump Administration, expressed strong backing for Governor Brian Kemp’s tort reform package in Georgia. This proposed legislation, which aims to overhaul the state’s civil lawsuit system through reducing lawsuit abuse and protecting consumers, would lower insurance premiums and reduce the burden on small businesses.
Loeffler was quick to praise the efforts of the Georgia General Assembly and Governor Kemp:
I applaud the General Assembly and the governor’s efforts to advance tort reform. I think it’s really important for small businesses to have certainty.
Loeffler emphasized that a positive economic and regulatory environment is crucial for protecting consumers and encouraging business growth, and without it, businesses may either relocate or not start at all, hindering economic progress:
People will start businesses if they know there’s a friendly economic and regulatory climate. If there’s not, they’ll go to other states or areas to start businesses, or they won’t start them at all. So we could be squelching our economic growth before it has a chance to happen.
Senate Bills 68 and 69 both advanced out of the Senate and await a vote in the House before making their way to Governor Kemp’s desk for final signature.