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Committee considers consumer protections and registration for third‑party litigation financing
2322324 · February 4, 2025
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Summary
House Bill 5221 would require registration and disclosures for third‑party litigation financiers who fund civil cases in exchange for a share of recovery.
House Bill 5221 would create a regulatory framework for third‑party litigation financing (TPLF), requiring disclosures and registration for entities that fund civil cases in exchange for a share of any recovery. Representative Finkelman introduced the bill as part of a package meant to reduce litigation-driven cost inflation.
Proponents from the insurance and business sector, including…
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