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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 - Pending reference review -under Rule 4.7(2) - (Committee Substitute)
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)

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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)

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  • 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
    2/3/2026
    Web Page
    PDF

    Committee 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)

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