ATL Standard

Today, the Georgia Chamber of Commerce released a statement following the passage of SB 69 by the Georgia State Senate. This bill is part of Governor Brian Kemp’s tort reform package and received unanimous bipartisan support. Previously, on February 21, the Senate passed SB 68, another component of the same legislative initiative. Both bills are now awaiting consideration in the Georgia State House of Representatives.

SB 69 aims to limit third-party litigation funding (TPLF) in Georgia. TPLF is an industry that operates largely in secrecy, allowing investors to profit from lawsuits by financing them in exchange for a portion of any settlements or awards. Critics argue that TPLF can lead to increased settlement costs and prolonged litigation while posing risks such as access to confidential business information.

Chris Clark, President & CEO of the Georgia Chamber, expressed support for the legislation: "The Georgia Chamber of Commerce alongside our tens of thousands of members across the state applaud the Georgia State Senate for passing both bills in Governor Brian Kemp’s comprehensive tort reform package."

Clark also highlighted concerns about foreign influence: “Georgia’s need for SB 69 is clear...this bill will enhance our national security by preventing hostile foreign entities from exploiting Georgia’s courtrooms for their own harmful agendas.”

He further emphasized the importance of these reforms: “For 20 years, securing tort reform has been the top legislative priority of the Chamber...We look forward to working with the leaders of the Georgia State House to do right by Georgians and get both SB 68 and SB 69 signed into law so our courts can focus on justice—not jackpots.”

Founded in 1911 and incorporated in 1915, the Georgia Chamber is a major business advocacy group representing members statewide. The organization recently launched GEORGIA | 2050, a strategic plan aimed at maintaining economic opportunities over the next quarter-century.