,,ii  #aafth ,,congress  #ast ,session  
,s4 #dga  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #ac1      
#bjai,mr4 ,grassley 7for himself1 ,mr4  
,tillis1 ,mr4 ,cornyn1 and ,mr4 ,sasse7 
introduced the following bill2 which was
 read twice and referred to the         
,committee on the ,judiciary  ,a ,,bill 
,to amend title #bh1 ,united ,states    
,code1 to increase transparency and     
oversight of third-party litigation     
funding in certain actions1 and for     
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,litigation    
,funding ,transparency ,act of #bjai4   
#b4 ,transparency and oversight of      
third-party litigation funding in class 
actions  7a7 ,in general ,chapter #aad  
of title #bh1 ,united ,states ,code1 is 
amended by adding at the end the        
following3  #agaf4 ,third-party         
litigation funding disclosure  7a7 ,in  
general ,in any class action1 class     
counsel shall--  7#a7 disclose in       
writing to the court and all other named

 parties to the class action the        
identity of any commercial enterprise1  
other than a class member or class      
counsel of record1 that has a right to  
receive payment that is contingent on   
the receipt of monetary relief in the   
class action by settlement1 judgment1 or
 otherwise2 and  7#b7 produce for       
inspection and copying1 except as       
otherwise stipulated or ordered by the  
court1 any agreement creating the       
contingent right4  7b7 ,timing ,the     
disclosure required by subsection 7a7   
shall be made not later than the later  
of-- 7#a7 #aj days after execution of   
any agreement described in subsection   
7a77#b72 or  7#b7 the time of service of
 the action4  4  7b7 ,technical and     
conforming amendment ,the table of      
sections for chapter #aad of title #bh1 
,united ,states ,code1 is amended by    
adding at the end the following3  #agaf4
 ,third-party litigation funding        
disclosure4  4  #c4 ,transparency and   
oversight of third-party litigation     

funding in multidistrict litigation     
,section #adjg of title #bh1 ,united    
,states ,code1 is amended-- 7#a7 by     
redesignating subsections 7g7 and 7h7 as
 subsections 7h7 and 7i71 respectively2 
and  7#b7 by inserting after subsection 
7f7 the following3  7g7 7#a7 ,in any    
coordinated or consolidated pretrial    
proceedings conducted pursuant to this  
section1 counsel for a party asserting a
 claim whose civil action is assigned to
 or directly filed in the proceedings   
shall--  7,a7 disclose in writing to the
 court and all other parties the        
identity of any commercial enterprise1  
other than the named parties or counsel1
 that has a right to receive payment    
that is contingent on the receipt of    
monetary relief in the civil action by  
settlement1 judgment1 or otherwise2 and 
7,b7 produce for inspection and copying1
 except as otherwise stipulated or      
ordered by the court1 any agreement     
creating the contingent right4  7#b7    
,the disclosure required by paragraph   

7#a7 shall be made not later than the   
later of-- 7,a7 #aj days after execution
 of any agreement described in paragraph
 7#a77;,b72 or  7,b7 the time the civil 
action becomes subject to this section4 
4  #d4 ,applicability ,the amendments   
made by this ,act shall apply to any    
case pending on or commenced after the  
date of the enactment of this ,act4