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On May 12, 2026, the Indiana state legislature made a significant move to bolster commercial law protections for small businesses with the passing of a new bill aimed at combating unfair business practices and increasing transparency in commercial transactions. The bill, known as the Small Business Fair Practices Act, is set to go into effect on January 1, 2027.One of the key provisions of the Small Business Fair Practices Act is the establishment of a Small Business Protection Bureau within the Indiana Department of Commerce. This bureau will be tasked with investigating complaints of unfair business practices, such as predatory pricing, exclusive dealing agreements, and discriminatory treatment of small businesses by larger corporations. The bureau will have the authority to levy fines and sanctions against companies found to be in violation of the new law.Another important aspect of the bill is the requirement for all commercial contracts to be written in clear and plain language, with no hidden fees or surprise terms. This is aimed at leveling the playing field for small businesses, who may not always have the resources to fully understand complex legal language in contracts.In a statement following the passage of the bill, Governor Jane Smith praised the legislature for taking action to protect small businesses in Indiana. "Small businesses are the backbone of our economy and it is essential that we provide them with the necessary tools to thrive and succeed," said Governor Smith. "The Small Business Fair Practices Act will ensure that small businesses are not taken advantage of by larger corporations and will promote a more equitable business environment in our state."The passage of the Small Business Fair Practices Act has been met with widespread support from small business owners and advocacy groups across Indiana. Many believe that the new law will help to level the playing field and prevent abuses by larger companies.Overall, the Indiana state legislature's decision to pass the Small Business Fair Practices Act represents a significant step forward in protecting small businesses and promoting a fair and transparent commercial environment in the state. With the new law set to go into effect in 2027, small business owners in Indiana can rest assured that they will have greater legal protections and support in their business endeavors.