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Glossary of Legislative Terms

HB 7071: Contingency Risk Multipliers

GENERAL BILL by Judiciary Committee ; Beltran ; (CO-INTRODUCERS) Maggard ; Sabatini

Contingency Risk Multipliers; Provides that, for certain attorney fees awarded for claims arising under property insurance policies, strong presumption is created that lodestar fee is sufficient & reasonable; limits circumstances for rebuttal.

Effective Date: 7/1/2020
 Last Action: 3/14/2020 Senate - Died in Banking and Insurance
Bill Text: PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)


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Bill History

Date Chamber Action
2/3/2020 House • Filed
• Introduced -HJ 480
2/4/2020 House • Referred to Commerce Committee -HJ 485
2/11/2020 House • On Committee agenda-- Commerce Committee, 02/13/20, 9:00 am, Webster Hall
2/13/2020 House • Favorable by- Commerce Committee; YEAS 16 NAYS 7 -HJ 577
2/14/2020 House • Placed on Calendar -HJ 577
2/27/2020 House • Placed on Special Order Calendar, 03/03/20
3/3/2020 House • Read 2nd time -HJ 714
• Placed on 3rd reading
3/4/2020 House • Read 3rd time -HJ 739
• Passed; YEAS 72 NAYS 46 -HJ 740
3/4/2020 Senate • In Messages
3/5/2020 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 478
• Received -SJ 478
3/14/2020 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Banking and Insurance