Litigation Funding Transparency Act of 2026

This bill would require parties and their lawyers in federal class actions, multidistrict litigation, and consolidated proceedings of at least 100 cases to disclose in writing the identity of any outside business or foreign entity that funds the lawsuit in exchange for a share of the proceeds. They would also have to say whether a funder is tied to a foreign government, foreign person, or sovereign wealth fund, and share funding agreements with the court and other parties. The federal courts' administrative office would report foreign-linked funders and their funding amounts to Congress and post the list online every 120 days. Funders would be barred from controlling litigation strategy or settlement decisions and from viewing protected discovery materials without court permission. The rules would apply to pending and future cases.

Full text and official record on Congress.gov

Sponsors

• Chuck Grassley Republican sponsor
• 3 cosponsors