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By Jennifer Sciortino | February 7th, 2013 - 5:32pm
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Assembly Democrats News Release

Diegnan & Burzichelli Corporate Business Reform Bill Package Gets Final Legislative Ok

Three-Bill Package is Part of Assembly Democratic Job Creation Effort & Would Help NJ Businesses Stay Competitive in Global Marketplace

(TRENTON) - A three-bill package sponsored by Assembly Democrats Patrick J. Diegnan, Jr., and John J. Burzichelli that would make changes to the state's corporate business laws in order to keep New Jersey companies competitive in the global marketplace received final legislative approval from the State Senate on Thursday.

The bills are part of the ongoing Assembly Democratic job creation and economic development effort and stem from recommendations made by the Corporate and Business Law Study Commission. They now head to the Governor's desk for consideration.

"Simplifying and streamlining outdated and confusing portions of New Jersey's corporate business laws will help make it easier for the companies that are already here to continue conducting business," said Diegnan (D-Middlesex). "These changes will make New Jersey even more attractive for businesses looking to set up shop or expand their presence in the state."

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Contact Info: 

Jennifer Sciortino
NJ Assembly Majority Office
(P) 609-847-3500

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Quote of the Day

quote of the day

"Assembly Speaker Vincent Prieto, a Hudson County Democrat, is balking. He claimed Tuesday that members of his caucus are divided over the measure and that his house is in no real rush – besides, even if enacted this year, the reforms would not take effect until 2017, he said. And with the growing belief that Christie could skip town to run for president, some Democrats are not eager to give him another talking point for his résumé. Christie’s plans to stump for Republican candidates in New Hampshire later Thursday only fuel that suspicion." - columnist Charles Stile

- The Bergen Record

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