A bill for an act creating a specialty business court, providing fees, and including effective date and applicability provisions.

This bill creates a specialized business court in Iowa to handle complex commercial disputes. It directly affects businesses, shareholders, and corporate officers involved in high-value cases involving corporate governance, securities law, or transactions exceeding $10 million in value. The court has exclusive jurisdiction over matters like shareholder lawsuits, disputes over organizational governance, and claims under securities regulations, while excluding personal injury cases and most government disputes. The court operates under the same authority as a district judge, with specific rules for filing and jurisdiction.