Bill > SB69

Introduced Session

AN ACT To amend Title 7 and Article 5 of Chapter 11 of Title 9 of the Official Code of Georgia Annotated, relating to banking and finance, and depositions and discovery under the "Georgia Civil Practice Act," respectively, so as to regulate third-party litigation financing practices in this state; to enact a new chapter regulating litigation financing practices; to provide for definitions; to require and provide for the registration of litigation financiers; to prohibit any person with relevant affiliations with foreign persons, foreign principals, or sovereign wealth funds from serving as litigation financiers; to require amended registration as a litigation financier; to provide for forms and filing fees; to provide for public disclosure of documents and information; to provide for denial of registration or amended registration as a litigation financier; to provide for notice of such denials; to provide for appeal of such denials; to provide for prohibitions applicable to litigation financiers and exceptions; to provide for joint and several liability for certain litigation financiers; to require litigation financing contracts to include indemnification provisions; to require litigation financing agreements to be memorialized in writing by litigation financing contracts; to provide for required provisions and disclosures to be included in litigation financing contracts; to require and provide for certain disclosures and acknowledgments in litigation financing agreements; SB 69/AP to provide for exemptions; to provide for the cancellation of litigation financing agreements; to provide for a criminal offense; to provide for the authority of the Attorney General and prosecuting attorneys to institute criminal proceedings; to provide for penalties; to authorize and provide for the department's participation in the nation-wide multistate licensing system and registry and for matters related thereto; to provide for the authority of the department and the commissioner of banking and finance; to provide for the discovery of litigation financing agreements in civil actions; to provide a short title; to amend Title 40 of the Official Code of Georgia Annotated, relating to motor vehicles, so as to provide for admissibility of evidence related to seat safety belts; to provide for related matters; to provide for effective dates and applicabilities; to repeal conflicting laws; and for other purposes.

AI Summary

Committee Categories

John Albers (R)*,  Jason Anavitarte (R)*,  Lee Anderson (R)*,  Brandon Beach (R)*,  Matt Brass (R)*,  Max Burns (R)*,  Bill Cowsert (R)*,  Clint Dixon (R)*,  Greg Dolezal (R)*,  Drew Echols (R)*,  Frank Ginn (R)*,  Steve Gooch (R)*,  Russ Goodman (R)*,  Marty Harbin (R)*,  Bo Hatchett (R)*,  Billy Hickman (R)*,  Mike Hodges (R)*,  John Kennedy (R)*,  Kay Kirkpatrick (R)*,  Chuck Payne (R)*,  Randy Robertson (R)*,  Ed Setzler (R)*,  Shawn Still (R)*,  Larry Walker (R)*,  Ben Watson (R)*,  Sam Watson (R)*,  Rick Williams (R)*,  James Burchett (R), 

Effective Date 2026-01-01 (on 04/21/2025)

Official Document