A bill for an act regulating litigation financing contracts, and including effective date and applicability provisions.

This bill requires third-party litigation financiers to register with Iowa's Secretary of State, disclosing ownership details and operational information. It defines "litigation financing" as third-party funding for civil lawsuits or claims (excluding standard lawyer contingency fees) and mandates registration for all such entities operating in Iowa. The law aims to increase transparency by making registration data publicly accessible and requires financiers to update filings when information changes. It directly affects litigation financiers, consumers using such financing, and legal representatives handling cases involving third-party funding.