AIF Statement Regarding Prejudgment Interest Legislation

February 21, 2017

Tallahassee, Fla. – The Associated Industries of Florida (AIF) today released the following statement on behalf of its President & CEO Tom Feeney regarding the opposition to Senate Bill 334, by Senator Greg Stuebe (R-Sarasota), relating to Prejudgment Interest.  SB 334 was today heard in the Senate Judiciary Committee, its first committee of reference.

“Our court system in Florida is already overburdened.  The last thing we need is to add another situation to the mix that would not only add time-consuming and burdensome measures, but also add another cost driver to Florida businesses.

“Because of the added financial pressures and court system constraints, AIF and its members oppose Prejudgment Interest legislation.  SB 334 does nothing more than make attorneys richer, while making Florida employers suffer.

“As this bill moves through the process, with Senate Rules being the next committee stop, we encourage lawmakers to take a serious look at just how damaging this legislation would be to Florida businesses.” 

Known as “The Voice of Florida Business” in the Sunshine State, AIF has represented the principles of prosperity and free enterprise before the three branches of state government since 1920. A voluntary association of diversified businesses, AIF was created to foster an economic climate in Florida conducive to the growth, development, and welfare of industry and business and the people of the state.

For more information on AIF, please visit AIF.com and follow @VoiceofFLBiz.

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