This bill establishes a specialty business court in Iowa, designed to handle civil actions related to business matters, particularly those involving transactions exceeding ten million dollars, governance disputes, and derivative actions. The business court will have the same powers as a district court, including the ability to issue legal writs and grant relief. It outlines the qualifications for judges, who must be at least 35 years old, U.S. citizens, Iowa residents for at least two years, and licensed attorneys with a minimum of ten years of relevant legal experience. The governor will appoint three judges to serve two-year terms, subject to Senate confirmation, and the bill prohibits the appointment of multiple judges from the same county.

The bill also details the operational structure of the business court, including provisions for jury trials, written opinions, and the appointment of court staff. It mandates that judges maintain chambers in their judicial district and utilize advanced technology for court proceedings. The Iowa Supreme Court is tasked with establishing rules for civil procedure and operational guidelines for the business court, which will only be created if the General Assembly allocates the necessary funding. The effective date of the bill is September 1, 2025, with the business court set to begin operations on January 1, 2027, contingent upon the appropriation.