“A report estimating the economic savings each state can realize by improving its legal environment was released at the U.S. Chamber Institute for Legal Reform’s (ILR) 12th Annual Legal Reform Summit today.
“Americans are rightly frustrated about the current state of the economy,” said ILR President Lisa A. Rickard at the Summit, which focused on key legal, regulatory, and political issues that impact the ability of the American economy to grow and to create jobs. “Unfortunately, America’s broken lawsuit system hampers the ability of American businesses to create jobs and drive much-needed economic growth.”
Rickard and U.S. Chamber of Commerce President and CEO Thomas J. Donohue were joined by House Speaker John Boehner, South Carolina Governor Nikki Haley, Virginia Governor Bob McDonnell and dozens of political, legal, and business leaders who spoke at today’s event.
“At a time when states are facing tight budgets and sluggish economic growth, this new study shows that actions by states to improve their legal environments can produce real economic dividends,” said Rickard.”