Litigation Funding Transparency Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 18, 2021)
Litigation Funding Transparency Act of 2021
This bill requires lawyers for plaintiffs in certain lawsuits to provide the court and other parties in the lawsuit with any agreement that entitles an outside business (i.e., a business that is not a party, class member, or counsel in the lawsuit) to receive payment contingent on the lawsuit's outcome. The lawyers for the plaintiffs shall also provide the identity of the outside business.
Specifically, these requirements shall apply to any class action or multi-district litigation (i.e. related civil cases pending in different districts that are consolidated for pretrial proceedings).
What just happenedOct 19, 2021
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Who’s behind it
- Introduced in HouseMar 18, 2021
- Oct 19, 2021Committee
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Courts, Intellectual Property, and the Internet Subcommittee - Mar 18, 2021IntroReferralH11100
Referred to the House Committee on the Judiciary.
Judiciary Committee - Mar 18, 2021IntroReferralIntro-H
Introduced in House
- Mar 18, 2021IntroReferral1000
Introduced in House