Marathon Pundit: Texas: "Loser pays" lawsuit reform advances

Texas, home of President Bush

Here is more pro-commerce good news from Texas. It's no wonder that the Lone Star State will have four new congressional seats when voters head to the polls next year.

Big Government has the news:

Texas took yet another step this week that is certain to tighten its grip on the designation as the nation's leading state for business. Governors in other states looking to improve their jobs situation should give serious consideration to mirroring the Lone Star State's aggressive pro-jobs, pro-growth agenda.

On Tuesday the Texas Senate, under the leadership of Lt. Governor David Dewhurst and despite an aggressive lobbying effort by the Trial Lobby, voted unanimously in favor of "loser pays" tort reform legislation. On Wednesday, the House, which had passed a similar bill and was awaiting the Senate’s version, concurred with the Senate bill and passed it through. Gov. Rick Perry has said he will enthusiastically sign the bill into law.

'Loser pays' will require plaintiff's to foot the bill of the winning party’s legal costs if a judge finds the case to be groundless. According to the Wall Street Journal, "This Texas upgrade would build on reforms in 2003 and 2005 that have vastly improved the legal climate in what has not coincidentally become the country’s best state for job creation."