CS/SB 1276: Litigation Financing
GENERAL BILL by Fiscal Policy ; Collins
Litigation Financing; Citing this act as the "Litigation Investment Safeguards and Transparency Act"; requiring a court’s consideration of potential conflicts of interest which may arise from the existence of a litigation financing agreement in specified circumstances; prohibiting specified acts by litigation financiers; requiring certain disclosures related to litigation financing agreements and the involvement of foreign persons, foreign principals, or sovereign wealth funds; requiring the indemnification of specified fees, costs, and sanctions by a litigation financier in specified circumstances, etc.
Senate Committee References:
- Judiciary (JU)
- Fiscal Policy (FP)
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Bill History
Date Chamber Action 1/4/2024 Senate • Filed
1/10/2024 Senate • Referred to Judiciary; Fiscal Policy
• Introduced
1/17/2024 Senate • On Committee agenda-- Judiciary, 01/22/24, 1:30 pm, 412 Knott Building
1/22/2024 Senate • Favorable by Judiciary; YEAS 10 NAYS 0
• Now in Fiscal Policy
2/2/2024 Senate • On Committee agenda-- Fiscal Policy, 02/07/24, 3:30 pm, 412 Knott Building
2/7/2024 Senate • CS by- Fiscal Policy; YEAS 15 NAYS 5
2/8/2024 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• Placed on Calendar, on 2nd reading
• CS by Fiscal Policy read 1st time
3/8/2024 Senate • Died on Calendar
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CS/SB 1276, Committee Substitute 1 (Current Bill Version) Posted 2/8/2024 at 10:36 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1179 Litigation Financing Gregory, Overdorf Similar Last Action: 3/8/2024 H Died in Justice Appropriations Subcommittee 
Citations - Statutes (14)
Citation Catchline Location in Bill Location In Bill Help 69.011 Supreme Court; bond not to be required of certain officers in certain original proceedings. Page 2 (pdf) 69.021 Bondholders’ committee. Page 2 (pdf) 69.031 Designated financial institutions for property in hands of guardians, curators, administrators, trustees, receivers, or other officers. Page 2 (pdf) 69.041 State named party; lien foreclosure, suit to quiet title. Page 2 (pdf) 69.051 General and special magistrates; compensation. Page 2 (pdf) 69.061 Loss of negotiable instrument; indemnity. Page 2 (pdf) 69.071 Number of jurors. Page 2 (pdf) 69.081 Sunshine in litigation; concealment of public hazards prohibited. Page 2 (pdf) 69.101 Page 2 (pdf) 69.103 Page 5 (pdf) 69.105 Page 6 (pdf) 69.107 Page 7 (pdf) 69.109 Page 12 (pdf) 69.111 Page 12 (pdf) -
SB 1276, Original Filed Version Posted 1/4/2024 at 8:10 AM
Bill Text: Web Page | PDF Analyses: Judiciary (Pre-Meeting) 1/19/2024 (pdf)
Judiciary (Post-Meeting) 1/22/2024 (pdf)
Fiscal Policy (Pre-Meeting) 2/5/2024 (pdf)
Fiscal Policy (Post-Meeting) 2/8/2024 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1179 Litigation Financing Gregory, Overdorf Identical Last Action: 3/8/2024 H Died in Justice Appropriations Subcommittee
Committee Amendments (2)
Amendment Sponsor Filed Last Committee Action Format 336640 - Amendment
Delete lines 104 - 302 and insert:Fiscal Policy
(Collins)2/7/2024
10:25 AMWithdrawn
2/8/2024Web Page
PDF658474 - Amendment
Delete lines 104 - 302 and insert:Fiscal Policy
(Collins)2/7/2024
3:18 PMReplaced by Committee Substitute
2/8/2024Web Page
PDFCommittee Votes (2)
Date Committee Result 1/22/2024 1:30 PM Judiciary 10 Yeas - 0 Nays 2/7/2024 3:30 PM Fiscal Policy 15 Yeas - 5 Nays Citations - Statutes (14)
Citation Catchline Location in Bill Location In Bill Help 69.011 Supreme Court; bond not to be required of certain officers in certain original proceedings. Page 2 (pdf) 69.021 Bondholders’ committee. Page 2 (pdf) 69.031 Designated financial institutions for property in hands of guardians, curators, administrators, trustees, receivers, or other officers. Page 2 (pdf) 69.041 State named party; lien foreclosure, suit to quiet title. Page 2 (pdf) 69.051 General and special magistrates; compensation. Page 2 (pdf) 69.061 Loss of negotiable instrument; indemnity. Page 2 (pdf) 69.071 Number of jurors. Page 2 (pdf) 69.081 Sunshine in litigation; concealment of public hazards prohibited. Page 2 (pdf) 69.101 Page 2 (pdf) 69.103 Page 5 (pdf) 69.105 Page 5 (pdf) 69.107 Page 7 (pdf) 69.109 Page 11 (pdf) 69.111 Page 11 (pdf)