Senate Bill 840
117th Congress(2021-2022)
Litigation Funding Transparency Act of 2021
Introduced
Introduced in Senate on Mar 18, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
840
Congress
117
Policy Area
Law
Law
Primary focus of measure is matters affecting civil actions and administrative remedies, courts and judicial administration, general constitutional issues, dispute resolution, including mediation and arbitration. Measures concerning specific constitutional amendments may fall under the policy area relevant to the subject matter of the amendment (e.g., Education). Measures concerning criminal procedure and law enforcement may fall under Crime and Law Enforcement policy area.
No Senate votes have been held for this bill.
Summary
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).
March 18, 2021
03/18/2021
Read twice and referred to the Committee on the Judiciary.
03/18/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:47:39 PM