The Innocent Sellers Fairness Act (H.R. 1199) was reintroduced by Rep. Blake Farenthold (R-TX) on March 2, and would reduce the instances where lumber dealers, and other retailers, are subject to unfair and unfounded product liability lawsuits. NLBMDA has led the charge on this issue.
These abusive lawsuits are a burden on our nation's small businesses, often hindering their ability to do business. Currently the average legal costs ensued by building suppliers with $1 million in annual sales top $17,000 per year, costs that are ultimately passed on to the consumer, driving up the cost of homebuilding. Read more.