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Litigation Funding Transparency: New Rules for Class Actions

New rules increase transparency in legal cases, especially in class actions and complex multi-district litigations. Citizens involved in such cases will have better insight into who is funding their lawsuits, potentially impacting the fairness and clarity of outcomes.
Key points
Requirement to disclose the identity of commercial enterprises funding class actions that expect payment from a win.
Obligation to produce funding agreements for inspection in class actions and multi-district litigations.
Changes apply to cases already ongoing and those commenced after the law's enactment.
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Expired
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Additional Information
Print number: 117_S_840
Sponsor: Sen. Grassley, Chuck [R-IA]
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_S_840.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-18.

What are the main provisions?

Key points include:

  • Requirement to disclose the identity of commercial enterprises funding class actions that expect payment from a win.
  • Obligation to produce funding agreements for inspection in class actions and multi-district litigations.
  • Changes apply to cases already ongoing and those commenced after the law's enactment.
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 Sen. Grassley, Chuck [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Courts and Law