Bill > HR1109

This bill introduces new transparency requirements for civil litigation involving third-party financial interests. Specifically, parties in a civil action must now disclose to the court and other parties the identity of any person (other than legal counsel) who has a contingent right to receive payment or value based on the lawsuit's outcome. Parties must also produce any agreements creating such contingent rights for inspection, with some exceptions. The disclosure must be made within 10 days of executing the agreement or at the time of filing the lawsuit, whichever is later. Exceptions to these disclosure requirements include payments that are solely for loan principal repayment, loan repayment with reasonable interest, or attorney's fee reimbursement. Parties have an ongoing duty to supplement or correct their disclosures if they learn of any material incompleteness or inaccuracy. The bill applies to all civil actions pending or commenced after its enactment, aiming to increase transparency and help courts and parties understand potential financial interests that might influence litigation. This transparency could help prevent conflicts of interest and provide a clearer picture of the financial motivations behind civil lawsuits.

Justice

https://www.congress.gov/bill/119th-congress/house-bill/1109/all-info