Litigation Transparency Act of 2024
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the Litigation Transparency Act of 2024, aims to increase transparency in civil lawsuits by requiring parties to disclose the identity of any third-party beneficiaries who could receive payments or value based on the outcome of the case. It mandates that agreements creating these contingent rights be produced for inspection and copying, ensuring all involved parties have access to this information. The bill also establishes a process for correcting any inaccuracies in these disclosures. The law applies to civil actions filed after the bill’s enactment.
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