SB 1396: Litigation Financing Consumer Protection
GENERAL BILL by Burton
Litigation Financing Consumer Protection; Citing this act as the “Litigation Investment Safeguards and Transparency Act”; authorizing courts to consider the existence of a litigation financing agreement to determine if a class representative or lead counsel or co-lead counsel to a class action lawsuit would adequately and fairly represent the interests of the class; prohibiting specified acts by litigation financiers; requiring certain parties to a legal proceeding which have entered into a litigation financing agreement with a foreign person, a foreign principal, or a sovereign wealth fund to file and serve a notice identifying specified information with the court, agency, or tribunal and all other parties to the legal proceeding within a specified timeframe; providing for sanctions, etc.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/8/2026 | Senate |
• Filed |
| 1/16/2026 | Senate |
• Referred to Judiciary; Rules |
| 1/22/2026 | Senate |
• On Committee agenda-- Judiciary, 01/27/26, 1:00 pm, 110 Senate Building • Introduced |
| 1/27/2026 | Senate |
• Favorable by Judiciary; YEAS 8 NAYS 2 • Now in Rules |
| 1/29/2026 | Senate |
• On Committee agenda-- Rules, 02/03/26, 9:00 am, 412 Knott Building |
| 2/3/2026 | Senate |
• CS by- Rules; YEAS 13 NAYS 10 |
