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Litigation Funding Transparency Act of 2021

USA117th CongressS-840| Senate 
| Updated: 3/18/2021
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (3)
Thomas Tillis (Republican)Ben Sasse (Republican)John Cornyn (Republican)

Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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).
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Timeline

Bill from Previous Congress

S 116-471
Litigation Funding Transparency Act of 2019
Mar 18, 2021
Introduced in Senate
Mar 18, 2021
Read twice and referred to the Committee on the Judiciary.
Oct 19, 2021

Latest Companion Bill Action

HR 117-2025
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
  • Bill from Previous Congress

    S 116-471
    Litigation Funding Transparency Act of 2019


  • March 18, 2021
    Introduced in Senate


  • March 18, 2021
    Read twice and referred to the Committee on the Judiciary.


  • October 19, 2021

    Latest Companion Bill Action

    HR 117-2025
    Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.

Law

Related Bills

  • HR 117-2025: Litigation Funding Transparency Act of 2021
Civil actions and liabilityJudicial procedure and administrationLawyers and legal servicesLegal fees and court costs

Litigation Funding Transparency Act of 2021

USA117th CongressS-840| Senate 
| Updated: 3/18/2021
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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-471
Litigation Funding Transparency Act of 2019
Mar 18, 2021
Introduced in Senate
Mar 18, 2021
Read twice and referred to the Committee on the Judiciary.
Oct 19, 2021

Latest Companion Bill Action

HR 117-2025
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
  • Bill from Previous Congress

    S 116-471
    Litigation Funding Transparency Act of 2019


  • March 18, 2021
    Introduced in Senate


  • March 18, 2021
    Read twice and referred to the Committee on the Judiciary.


  • October 19, 2021

    Latest Companion Bill Action

    HR 117-2025
    Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (3)
Thomas Tillis (Republican)Ben Sasse (Republican)John Cornyn (Republican)

Judiciary Committee

Law

Related Bills

  • HR 117-2025: Litigation Funding Transparency Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Civil actions and liabilityJudicial procedure and administrationLawyers and legal servicesLegal fees and court costs