Substitute for SB 54 by Committee on Judiciary - Limiting discovery and disclosure of third-party litigation funding agreements and requiring reporting of such agreements to courts.

The title and text were changed to specifically refer to 'third-party litigation funding agreements' instead of the broader 'third-party agreements' to clarify the bill's intent.

Added a mandatory requirement for parties to submit the funding agreement to the court for private review within 30 days of starting the lawsuit or signing the agreement.

Added a requirement for parties to provide other litigants with a sworn statement disclosing the funder's identity, any control rights the funder has over the case, and any confidential information the funder might receive.

Removed previous provisions that allowed parties to request discovery of third-party agreements and established a general legal standard for courts to block such discovery based on potential prejudice.

Established a specific 30-day deadline for submitting agreements and disclosure statements, replacing the previous open-ended discovery process.