Bill Summary
SB 1396 Litigation Financing Consumer Protection (2026 Session)
Litigation Financing Consumer Protection; Citing this act as the “Litigation Investment Safeguards and Transparency Act”; authorizing courts to consider the existence of a litigation financing agreement under certain circumstances; prohibiting specified acts by litigation financiers; requiring certain parties to a legal proceeding, or their counsels of record, which have entered into a litigation financing agreement with a foreign person, a foreign principal, or a sovereign wealth fund to file and serve a notice identifying specified information with the court, agency, or tribunal and all other parties to the legal proceeding within a specified timeframe, etc. Effective Date: 7/1/2026
01/08/26
SENATE
Filed
01/16/26
SENATE
Referred to Judiciary; Rules
01/22/26
SENATE
On Committee agenda - Judiciary, 01/27/26, 1:00 pm, 110 S
01/27/26
SENATE
Favorable by Judiciary; 8 Yeas, 2 Nays
01/27/26
SENATE
Now in Rules
01/29/26
SENATE
On Committee agenda - Rules, 02/03/26, 9:00 am, 412 K
02/03/26
SENATE
Favorable with CS by Rules; 13 Yeas, 10 Nays
02/04/26
SENATE
Committee Substitute Text (C1) Filed
02/04/26
SENATE
Placed on Calendar, on 2nd reading
69.101
69.103
69.105
69.107
69.109
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- Senate Session
February 19, 2026 - Chamber
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