CS/HB 7041 (2020) - Litigation Financing Consumer Protection

General Bill by Commerce Committee and Civil Justice Subcommittee and Leek (CO-SPONSORS) Sabatini

Litigation Financing Consumer Protection: Requires litigation financiers to register with DOS & file surety bond; provides requirements & rulemaking authority for DOS; provides requirements for litigation financing contracts; provides for assignment of contingent rights to civil action or claim proceeds; specifies priority of liens; authorizes litigation financiers to assess specified interest, fees, & charges; provides that violations are deceptive & unfair trade practices.

Effective Date: July 1, 2020

Last Event: Died on Second Reading Calendar on Saturday, March 14, 2020 12:00 AM

Lobbyist Disclosure Information

PCB committee actions:

PCB CJS 20-01 recommended by:

Civil Justice Subcommittee
- On agenda for: 01/22/20 8:30 AM View Notice
- Favorable With Amendment(s) (final action) See Votes

Referred Committees and Committee Actions

House Referrals

Appropriations Committee
- On agenda for: 02/05/20 10:00 AM
  View Notice Meeting Packets Action Packets
- Favorable (final action) See Votes
Commerce Committee
- On agenda for: 02/27/20 8:00 AM
  View Notice Meeting Packets Action Packets
- Favorable With Committee Substitute (final action) See Votes

Related Bills

Bill #	Subject	Relationship
Bill #: SB 1828	Subject: Litigation Financing Consumer Protection	Relationship: Similar

Bill Text

Committee Substitute 1
Original Filed Version
- A 002305 , Leek (COM) Date Filed: 02/26/20, Line#: 41 House(c): Adopted Without Objection 02/27/2020 06:09 PM
- A 689897 , Leek (COM) Date Filed: 02/26/20, Line#: 66 House(c): Adopted Without Objection 02/27/2020 06:09 PM
PCB CJS 20-01
- A PCB CJS 20-01 a1 , Leek (CJS) Date Published: 01/21/20 , Line#: 46 House(c): Withdrawn Prior to Consideration 01/22/2020 07:44 AM
- A PCB CJS 20-01 a2 , Leek (CJS) Date Published: 01/22/20 , Line#: 46 House(c): Adopted 01/22/2020 04:23 PM

Staff Analysis

Chamber	Committee
Chamber: House	Committee: Commerce Committee 2/28/2020 5:42:50 PM
Chamber: House	Committee: Commerce Committee 2/25/2020 4:42:56 PM
Chamber: House	Committee: Appropriations Committee 2/5/2020 6:24:07 PM
Chamber: House	Committee: Appropriations Committee 2/4/2020 12:17:27 PM
Chamber: House	Committee: Civil Justice Subcommittee 1/23/2020 8:16:32 PM
Chamber: House	Committee: Civil Justice Subcommittee 1/18/2020 4:40:25 PM

Vote History

(No Votes Recorded)

Bill History

Event	Time	Member	Committee	Ver.
Event: H Died on Second Reading Calendar	Time: 03/14/2020 - 12:00 AM	Member:	Committee:	Version: c1
Event: H Indefinitely postponed and withdrawn from consideration	Time: 03/14/2020 - 12:00 AM	Member:	Committee:	Version: c1
Event: H Added to Second Reading Calendar	Time: 03/02/2020 - 6:40 PM	Member:	Committee:	Version: c1
Event: H 1st Reading	Time: 03/02/2020 - 6:40 PM	Member:	Committee:	Version: c1
Event: H Bill referred to House Calendar	Time: 03/02/2020 - 4:08 PM	Member:	Committee:	Version: c1
Event: H CS Filed	Time: 02/28/2020 - 5:50 PM	Member:	Committee:	Version: c1
Event: H Laid on Table under Rule 7.18(a)	Time: 02/28/2020 - 5:50 PM	Member:	Committee:	Version: __
Event: H Reported out of Commerce Committee	Time: 02/28/2020 - 5:43 PM	Member:	Committee: Commerce Committee	Version: __
Event: H Favorable with CS by Commerce Committee	Time: 02/27/2020 - 6:09 PM	Member:	Committee: Commerce Committee	Version: __
Event: H Added to Commerce Committee agenda	Time: 02/25/2020 - 4:18 PM	Member:	Committee: Commerce Committee	Version: __
Event: H Now in Commerce Committee	Time: 02/05/2020 - 6:18 PM	Member:	Committee: Commerce Committee	Version: __
Event: H Reported out of Appropriations Committee	Time: 02/05/2020 - 6:18 PM	Member:	Committee: Appropriations Committee	Version: __
Event: H Favorable by Appropriations Committee	Time: 02/05/2020 - 5:10 PM	Member:	Committee: Appropriations Committee	Version: __
Event: H Added to Appropriations Committee agenda	Time: 02/03/2020 - 4:20 PM	Member:	Committee: Appropriations Committee	Version: __
Event: H Now in Appropriations Committee	Time: 01/27/2020 - 2:27 PM	Member:	Committee: Appropriations Committee	Version: __
Event: H Referred to Commerce Committee	Time: 01/27/2020 - 2:27 PM	Member:	Committee: Commerce Committee	Version: __
Event: H Referred to Appropriations Committee	Time: 01/27/2020 - 2:27 PM	Member:	Committee: Appropriations Committee	Version: __
Event: H 1st Reading	Time: 01/24/2020 - 4:19 PM	Member:	Committee:	Version: __
Event: H Filed	Time: 01/24/2020 - 8:37 AM	Member:	Committee: Civil Justice Subcommittee	Version: __

Statutes Referenced by this Bill

Statute	Other Bill Citations
559.952	CS/CS/CS/HB 1391, CS/CS/HB 1393, CS/HB 1395*, SB 1732, SB 1828, CS/CS/CS/SB 1870, CS/CS/SB 1872, CS/SB 1874
559.953	SB 1828
559.954	SB 1828
559.955	CS/CS/HB 537, SB 778, SB 1828
559.956	SB 1828
559.957	SB 1828
559.958	SB 1828
559.959	SB 1828
559.961	SB 1828
559.962	SB 1828

(*) Not the latest version