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Litigation Funding Transparency: New Rules for Class Actions.

New rules increase transparency in lawsuits, especially in class actions and multi-district cases. This means companies funding lawsuits will have to disclose their identity and agreements, potentially affecting the fairness of outcomes and compensation for citizens.
Key points
Companies funding class actions must disclose their identity and financial agreements.
Transparency rules also apply to lawsuits handled across multiple districts.
The changes apply to all ongoing and future legal cases.
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Expired
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Additional Information
Print number: 117_HR_2025
Sponsor: Rep. Issa, Darrell E. [R-CA-50]
Process start date: 2021-03-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Litigation Funding Transparency Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2025.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-18.

What are the main provisions?

Key points include:

  • Companies funding class actions must disclose their identity and financial agreements.
  • Transparency rules also apply to lawsuits handled across multiple districts.
  • The changes apply to all ongoing and future legal cases.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Issa, Darrell E. [R-CA-50].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Courts and Law