AIF: Prejudgment Interest to Drive Businesses from Sunshine State


March 29, 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 Steube (R-Sarasota), relating to Prejudgment Interest.  SB 334 was today heard in the Senate Rules Committee, its second and last committee of reference.

“AIF opposes legislation that would make it more expensive for businesses to operate in our state, and that is exactly what SB 334 would do.

“The prejudgment interest bill being pushed by the trial bar would only put further strain on our already overburdened court system and create an additional cost driver to Florida businesses.

“By adding time-consuming and burdensome measures, SB 334 would only stand to make attorneys richer and drive businesses away from the Sunshine State.

“After today’s action by the Senate Rules Committee, the bill is now ready for the Senate floor.  AIF encourages Florida’s elected officials to do what is best for Florida businesses and consumers and oppose this legislation.”

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.

# # #