While previous sessions have ended with a bang and unfinished budgets, the 2019 Regular Legislative Session quietly ended Thursday, June 6 with a state budget passed with a few minutes to spare. This is likely because legislators who are term limited are tired from a very long twelve years and those who will be running this fall did not wish to rock the boat in an election year. Overall, the session only had a few hotly contested issues.
The 2019 Regular Legislative Session must end on Thursday, June 6th so we are in the home stretch now.
Legislators are scurrying to move their bills through the legislative process and the true deal making is at a fever pitch. House bills have made it to the Senate, but many have not been taken up on the Senate floor and vice versa. We should start see this happen at lightning speed this week.
The 2019 Legislative Session is about at its midway point where negotiations over proposed legislation are wrapping up and legislation is either going forward or not. It is unlikely that a bill still sitting in a committee in its house of origin will move at all, but not impossible. The two major non-real estate related stories of the week include House Bill No. 372 getting hung up in Senate Judiciary A and the state budget moving to the Senate.
The fourth and fifth week of the 2019 Louisiana Legislative Session was focused on changes to the Homestead Exemption and the Louisiana Real Estate Commission. The House Committee on Ways and Means and Commerce heard bills seeking to address areas that sought to provide for those changes
The theme of the third week of the 2019 Louisiana Legislative Session was “civil justice reform”. The House Committee on Civil Law and Procedure heard bills seeking to address laws that many believe are focused on high dollar verdicts rather than accident victims obtaining justice. In turn, these verdicts can act as an incentive for other citizens to file frivolous lawsuits. Many believe this litigious climate is one cause for our high insurance rates and one of the primary reasons businesses decline to locate here.
The 2019 Louisiana Legislative Session started Monday, April 8th. Your Louisiana REALTORS® Bill Review Team, which is made up of members from across the state, met and identified 103 bills that Louisiana REALTORS® will support, oppose, or monitor on your behalf. An interactive Bill Tracking Report contains the position of Louisiana REALTORS® on each of these bills and the status of each bill.
The REALTOR® Party is a powerful alliance of REALTORS® and REALTOR® Associations working to protect and promote homeownership and property investment. Last week at the REALTOR® Party Training Conference, NAR outlined the top policy priorities for the organization in 2019 and trained Association leaders and REALTOR® volunteers on ideas on how to get members involved.