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DENVER – The Colorado Chamber of Commerce today applauded the passage of two priority bills in the state legislature, Senate Bill 306 and House Bill 1329. The bills were top issues for the Chamber this session, improving regulatory transparency and limiting foreign influence in litigation.
SB 306 places certain state agencies under regular performance audits by the state to address whether programs are operated in an effective and efficient manner – including whether regulations are outdated, duplicative, and accomplishing their intended goals. Regulatory reform has been the Colorado Chamber’s top legislative issue this session. The bill was passed in the Senate on concurrence today and will head to Gov. Jared Polis for signature.
“This bill is a critical first step in getting our regulatory climate under control by using a surgical approach to reviewing the state programs with the highest level of regulations compared to other states. We look forward to partnering with the state auditor and Governor’s Office to implement SB 306 in a thoughtful and transparent way,” said Colorado Chamber President and CEO Loren Furman.
HB 1329 establish limitations on third-party litigation funding, addressing growing concerns about the influence of foreign entities on civil litigation. The Chamber worked closely with the Colorado Trial Lawyers Association on the bill, which passed on third reading today in the Senate.
“Third-party influence in civil litigation poses a significant risk to Colorado’s economy and national security. These safeguards will help protect the integrity of our legal system, ensuring decisions are made in the best interest of justice,” Furman said.
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The Colorado Chamber of Commerce champions free enterprise, a healthy business environment and economic prosperity for all Coloradans. It is the only business association that works to improve the business climate for all sizes of business from a statewide, multi-industry perspective. What the Colorado Chamber accomplishes is good for all businesses, and that’s good for the state’s economy. It was created in 1965 based on the merger with the Colorado Manufacturers’ Association.