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Glossary of Legislative Terms

CS/SB 1396: Litigation Financing Consumer Protection

GENERAL BILL by Rules ; 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 under certain circumstances; prohibiting specified acts by litigation financiers; requiring certain parties to a legal proceeding, or their counsels of record, 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, etc.

Effective Date: 7/1/2026
Last Action: 2/4/2026 Senate - Placed on Calendar, on 2nd reading
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Rules (RC)


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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
2/4/2026 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• CS by Rules read 1st time
• Placed on Calendar, on 2nd reading