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.
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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)
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CS/SB 1396, Committee Substitute 1 (Current Bill Version) Posted 2/4/2026 at 8:07 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) -
SB 1396, Original Filed Version Posted 1/8/2026 at 8:20 AM
Bill Text: Web Page | PDF Analyses: Judiciary (Pre-Meeting) 1/26/2026 (pdf)
Judiciary (Post-Meeting) 1/27/2026 (pdf)
Rules (Pre-Meeting) 2/2/2026 (pdf)
Rules (Post-Meeting) 2/3/2026 (pdf)
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
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 707190 - Amendment
Delete lines 118 - 225 and insert:Rules
(Burton)2/2/2026
11:49 AM
(Late Filed)Replaced by Committee Substitute
2/3/2026Web Page
PDFCommittee Votes (2)
Date Committee Result 1/27/2026 1:00 PM Judiciary 8 Yeas - 2 Nays 2/3/2026 9:00 AM Rules 13 Yeas - 10 Nays 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)