Litigation Financing Consumer Protection

Added definition for 'foreign funder' to explicitly include foreign persons, foreign principals, and sovereign wealth funds that provide funding under a litigation financing agreement.

Added definition for 'health care practitioner' to clarify that the bill applies to medical professionals involved in litigation financing.

Expanded the definition of 'foreign principal' to include political subdivisions and political parties of foreign countries, not just governments and government officials.

Clarified that a party's counsel of record must also file and serve the required notice identifying foreign funding alongside the party.

Established a specific effective date of July 1, 2026, and a retroactive disclosure deadline of July 31, 2026 for cases pending on that date.