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.
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Bill History
Date Chamber Action 1/8/2026 Senate • Filed
1/16/2026 Senate • Referred to Judiciary; Rules
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SB 1396, Original Filed Version (Current Bill Version) Posted 1/8/2026 at 8:20 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1157 Litigation Financing Basabe Similar Last Action: 1/15/2026 H Now in Civil Justice & Claims Subcommittee 
Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 69.101 Page 3 (pdf) 69.103 Page 6 (pdf) 69.105 Page 7 (pdf) 69.107 Page 8 (pdf) 69.109 Page 10 (pdf)