Minority caucus briefed on SB 1215, which would regulate litigation-financing disclosures
Summary
Staff presented SB 1215, a bill to add consumer-protection disclosure requirements and restrictions for litigation-financing agreements; caucus members were told a substantial floor amendment is forthcoming and no final text was available at the briefing.
Saliana, a staff presenter, told the caucus that SB 1215 would establish consumer-protection provisions and new disclosure requirements for litigation-financing agreements and become effective Jan. 1, 2026.
The staff briefing said a “substantial floor amendment” that represents a compromise between bill proponents and some funders is expected and that caucus materials will be updated when that amendment is distributed. Saliana said she would “go over the provisions more in detail once that is out because it will be various changes to your current version of the bill.”
No members moved or voted on the bill during the caucus briefing, and caucus members did not receive the floor amendment text during the meeting. The presentation was informational and intended to prepare members for floor action when the amendment is available.
The caucus did not record any formal direction to staff or a motion related to SB 1215 during this session; further substantive debate and any formal action would occur after distribution of the floor amendment and on the House floor.
