Requires parties in civil lawsuits to reveal hidden financial backers and their agreements.
This bill would make parties in civil lawsuits tell the court and other parties if someone else stands to gain money or value from the case's outcome. It aims to bring more transparency to who is financially involved in legal battles, though some common financial arrangements like certain loan repayments and attorney's fees would not need to be disclosed.
Currently, federal law does not explicitly require parties or their lawyers in civil lawsuits to reveal the identity of third parties with a financial stake in the outcome. This bill would change that. It would require parties and their counsel to disclose these third parties and produce related agreements to the court and other parties. However, this is not required if the payment is solely for certain loan repayments (with interest not exceeding 7% or twice the average 30-year Treasury yield) or attorney's fees.
HR 1109 · 119th Congress · February 7, 2025 · AI Summary by gemini-2.5-flash · 7/10
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70 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.