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HR 1109119th CongressIn Committee
Litigation Transparency Act of 2025
Introduced: Feb 7, 2025
Sponsor: Rep. Issa, Darrell [R-CA-48] (R-California)
Standard Summary
Comprehensive overview in 1-2 paragraphs
Amends federal civil procedure to require disclosure of third-party beneficiaries with financial interests contingent on litigation outcomes.
Key Points
- 1Requires disclosure of third-party beneficiaries with contingent financial interests
- 2Mandates production of agreements creating contingent rights
- 3Excludes standard loan repayments and attorney fee reimbursements
- 4Disclosure required within 10 days of agreement or before filing
- 5Requires timely correction of incomplete or incorrect disclosures
- 6Applies to civil actions pending or commenced after enactment
Impact Areas
Federal civil litigation practiceThird-party litigation funding industryJudicial oversight of litigation financingAttorney ethics and disclosure obligationsCivil procedure and court transparencyLitigation finance market regulation
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