,i #aaith ,,congress #b;d ,session ,h4 ,r4 #gjae ,,in ,,the ,,house ,,of ,,representatives ,january #ab1 #bjbf,mr4 ,issa 7for himself1 ,mr4 ,fitzgerald1 and ,mr4 ,baumgartner7 introduced the following bill2 which was referred to the ,committee on the ,judiciary ,a ,,bill ,to amend title #bh1 ,united ,states ,code1 to protect legal proceedings from manipulation and provide for transparency and oversight of third-party beneficiaries in civil actions4 #a4 ,short title ,this ,act may be cited as the ,protecting ,third ,party ,litigation ,funding ,from ,abuse ,act or the ,protecting ,,tplf ,from ,abuse ,act4 #b4 ,transparency and oversight of third-party beneficiaries in civil cases 7a7 ,in general ,chapter #aaa of title #bh1 ,united ,states ,code1 is amended by adding at the end the following3 #affj4 ,initial disclosures regarding third-party beneficiaries 7a7 ,in general ,except as provided in subsection 7b71 in any civil action1 a party or any counsel of record for a party shall-- 7#a7 disclose in writing to the court and all other named parties to the civil action the identity of any person 7other than counsel of record7 that has a legal right to receive any payment or thing of value that is contingent in any respect on the outcome or proceeds of the civil action or a group of civil actions of which the civil action is a part1 including-- 7,a7 any portion of a settlement1 a judgment1 or an award of attorney's fees from the civil action or group of civil actions2 or 7,b7 any other proceeds from the civil action or group of civil actions2 7#b7 produce to the court1 for in camera review1 any agreement creating a legal right described in paragraph 7#a71 including any ancillary agreement or document2 and 7#c7 after the review conducted under paragraph 7#b71 produce to each other named party to the civil action1 for inspection and copying1 each document produced under paragraph 7#b71 subject to any protective order1 use limitation1 or any other limitation or exclusion ordered by the court1 including-- 7,a7 any limitation or exclusion relating to attorney-client privilege1 the attorney work product doctrine1 or any other applicable privilege2 or 7,b7 any limitation or exclusion to protect from disclosure to any party or non-party the identity of any member1 donor1 or associate of the person that has a legal right described in paragraph 7#a71 except to the extent that the member1 donor1 or associate also has a legal right to receive any payment or thing of value described in subsection 7a77#a7 and is not excepted from disclosure under subsection 7b77#a74 7b7 ,exceptions and limitations 7#a7 ,in general ,the requirements under subsection 7a7 shall not apply with respect to a person that has a legal right to receive any payment or thing of value described in subsection 7a77#a7 if the legal right is solely regarding-- 7,a7 the repayment of the principal of a loan2 7,b7 the repayment of the principal of a loan plus interest that does not exceed the higher of #aj percent or a rate three times the annual average #cj-year constant maturity ,treasury yield1 as published by the ,board of ,governors of the ,federal ,reserve ,system1 for the year preceding the date on which the relevant agreement was executed2 7,c7 the reimbursement of attorney's fees paid to counsel of record for services provided in the civil action2 or 7,d7 the reimbursement of a grant4 7#b7 ,donor1 member1 and associate identity ,the requirements under subsection 7a77#a7 shall not apply with respect to any donor1 member1 or associate of the person that has a legal right described in subsection 7a77#a7 unless the donor1 member1 or associate also has a legal right to receive any payment or thing of value described in subsection 7a77#a7 and is not excepted from disclosure under subsection 7b77#a74 7#c7 ,donor and member list ,the requirements under subsections 7a77#b7 and 7a77#c7 shall not require the production of lists of members1 donors1 or associates1 and the court shall permit redactions of the identity of any member1 donor1 or associate from materials disclosed pursuant to subsection 7a77#c71 unless that member1 donor1 or associate also has a legal right to receive any payment or thing of value described in subsection 7a77#a7 and is not excepted from disclosure under subsection 7b77#a74 7#d7 ,admissibility and discovery ,nothing in this ,section may be construed to render admissible any disclosure1 document1 or thing provided under this ,section1 or any information therein1 or to affect whether any disclosure1 document1 or thing is discoverable except as expressly provided in this section4 7c7 ,timing ,the disclosures required by subsection 7a7 shall be made not later than the later of-- 7#a7 #aj days after the execution of any agreement described in subsection 7a77#b72 7#b7 the time of initial disclosures made pursuant to ,federal ,rule of ,civil ,procedure #bf7;a77#a72 or 7#c7 the time set by the court for such disclosures4 7d7 ,duty to correct ,a party or counsel of record that made a disclosure required by this section shall supplement or correct each such disclosure in a timely manner-- 7#a7 if such party or counsel of record learns that the disclosure is or has become incomplete or incorrect in some material respect1 if the additional or corrective information has not otherwise been made known to the other parties during the discovery process or in writing2 or 7#b7 as ordered by the court4 4 7b7 ,clerical amendment ,the table of sections for chapter #aaa of title #bh1 ,united ,states ,code1 is amended by adding at the end the following3 #affj4 ,third-party beneficiary disclosure4 4 #c4 ,applicability ,the amendments made by this ,act shall apply to any civil action pending on or commenced after the date of enactment of this ,act4