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S. 840 117th Congress Senate

Litigation Funding Transparency Act of 2021

Official title: A bill to amend title 28, United States Code, to increase transparency and oversight of third-party litigation funding in certain actions, and for other purposes.

Introduced: March 18, 2021 Introduced by: Chuck Grassley Republican · Iowa See on congress.gov
Law Civil actions and liabilityJudicial procedure and administrationLawyers and legal servicesLegal fees and court costs
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2021
Read twice and referred to the Committee on the Judiciary.
Mar 18, 2021
Introduced in Senate
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 Latest action March 18, 2021

Read twice and referred to the Committee on the Judiciary.

 Plain-English summary Congressional Research Service

Litigation Funding Transparency Act of 2021

This bill requires lawyers for plaintiffs in certain lawsuits to provide the court and other parties in the lawsuit with any agreement that entitles an outside business (i.e., a business that is not a party, class member, or counsel in the lawsuit) to receive payment contingent on the lawsuit's outcome. The lawyers for the plaintiffs shall also provide the identity of the outside business.

Specifically, these requirements shall apply to any class action or multi-district litigation (i.e. related civil cases pending in different districts that are consolidated for pretrial proceedings).

 Related & companion bills 1
  • HR 2025 Identical bill Litigation Funding Transparency Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 2

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

 Cosponsors 2
All 2 Republican 2
R
Cornyn, John
Texas · Mar 18, 2021
 R
Tillis, Thomas
North Carolina · Mar 18, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 840: Litigation Funding Transparency Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-840/
MLA
"S. 840: Litigation Funding Transparency Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-840/.
Bluebook (legal)
S. 840, 117th Cong. (2026), https://openamerica.io/bill/117-S-840/.
Markdown link
[S. 840: Litigation Funding Transparency Act of 2021](https://openamerica.io/bill/117-S-840/)
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