CS/SB 1276 -  Litigation Financing

General Bill by Fiscal Policy and Collins
Litigation Financing: Citing this act as the "Litigation Investment Safeguards and Transparency Act"; requiring a court’s consideration of potential conflicts of interest which may arise from the existence of a litigation financing agreement in specified circumstances; prohibiting specified acts by litigation financiers; requiring certain disclosures related to litigation financing agreements and the involvement of foreign persons, foreign principals, or sovereign wealth funds; requiring the indemnification of specified fees, costs, and sanctions by a litigation financier in specified circumstances, etc.
Effective Date: 07/01/2024
Last Event: 03/08/24 S Died on Calendar on Friday, March 8, 2024 2:25 PM

Referred Committees and Committee Actions

Senate Referrals

  • Judiciary
    • On agenda for: 01/22/24 1:30 PM
    • Favorable (final action) Votes: Yeas 10   Nays 0
  • Fiscal Policy
    • On agenda for: 02/07/24 3:30 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 15   Nays 5

Related Bills

Bill # Subject Relationship
Bill #: HB 1179 Subject: Litigation Financing Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Fiscal Policy 2/8/2024 9:45:10 AM
Chamber: Senate Committee: Fiscal Policy 2/5/2024 11:19:59 AM
Chamber: Senate Committee: Judiciary 1/22/2024 4:26:41 PM
Chamber: Senate Committee: Judiciary 1/19/2024 1:03:04 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died on Calendar Time: 03/08/2024 - 2:25 PM Member: Committee: Version: c1
Event: S CS by Fiscal Policy read 1st time Time: 02/08/2024 - 9:48 PM Member: Committee: Fiscal Policy Version: c1
Event: S Placed on Calendar, on 2nd reading Time: 02/08/2024 - 11:29 AM Member: Committee: Version: c1
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) Time: 02/08/2024 - 10:36 AM Member: Committee: Fiscal Policy Version: c1
Event: S CS by- Fiscal Policy; YEAS 15 NAYS 5 Time: 02/07/2024 - 7:08 PM Member: Committee: Fiscal Policy Version: __
Event: S On Committee agenda-- Fiscal Policy, 02/07/24, 3:30 pm, 412 Knott Building Time: 02/02/2024 - 3:50 PM Member: Committee: Fiscal Policy Version: __
Event: S Now in Fiscal Policy Time: 01/22/2024 - 4:38 PM Member: Committee: Fiscal Policy Version: __
Event: S Favorable by Judiciary; YEAS 10 NAYS 0 Time: 01/22/2024 - 3:51 PM Member: Committee: Judiciary Version: __
Event: S On Committee agenda-- Judiciary, 01/22/24, 1:30 pm, 412 Knott Building Time: 01/17/2024 - 2:22 PM Member: Committee: Judiciary Version: __
Event: S Introduced Time: 01/10/2024 - 6:36 PM Member: Committee: Version: __
Event: S Referred to Judiciary; Fiscal Policy Time: 01/10/2024 - 9:18 AM Member: Committee: Judiciary Version: __
Event: S Filed Time: 01/04/2024 - 8:10 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
69.011 HB 1179
69.021 HB 1179
69.031 HB 1179
69.041 SB 82, HB 1179, HB 7037
69.051 HB 1179
69.061 HB 1179
69.071 HB 1179
69.081 HB 1179
69.101 HB 1179
69.103 HB 1179
69.105 HB 1179
69.107 HB 1179
69.109 HB 1179
69.111 HB 1179