S680
An Act to provide transparency in third party litigation financing
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- Passed Senate
- Passed House
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Bill overview
This bill aims to increase transparency surrounding third-party litigation financing, where outside investors pay the legal costs of lawsuits. Currently, there’s limited public information about these arrangements, which can raise concerns about potential influence on legal proceedings. The bill would require disclosure of certain details related to these financing deals, promoting accountability and public awareness. It seeks to ensure that the public and courts have access to information about who is funding lawsuits.
Key provisions
- Requires disclosure of the terms of third-party litigation financing agreements.
- Mandates reporting of the identity of the third-party financier.
- Establishes guidelines for transparency in these agreements.
- Focuses on ensuring fairness and preventing undue influence in litigation.
- Addresses potential conflicts of interest arising from litigation financing.
Who is affected
- Lawsuits and legal proceedings
- Litigants
- Third-party litigation funders
- Courts
- The public
Notable changes
- Currently, details of third-party litigation financing are often not publicly available.
- This bill would create a framework for increased disclosure requirements.
Sponsors
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Primary sponsor
Cosponsor
Arguments in favor
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Bill S.680 194th (Current)
An Act to provide transparency in third party litigation financing
By Mr. Collins, a petition (accompanied by bill, Senate, No. 680) of Nick Collins for legislation to provide transparency in third party litigation financing. Financial Services.
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Bill Information
Bill Information
Presenter: Nick Collins Status: Referred to Senate Committee on Ways and Means
Tabs
Bill History Petitioners Committee Vote Committee Summary Primary Sponsor Summary
Bill History
Displaying 5 actions for Bill S.680
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Financial Services |
| 2/27/2025 | House | House concurred |
| 9/25/2025 | Joint | Hearing scheduled for 10/07/2025 from 10:30 AM-01:00 PM in A-2 |
| 10/7/2025 | Joint | Hearing rescheduled to 10/07/2025 from 10:30 AM-01:10 PM in A-2 and Virtual Hearing updated to New End Time |
| 1/8/2026 | Senate | Bill reported favorably by committee and referred to the committee on Senate Ways and Means |
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