Relating to mandatory disclosure of third-party litigation financing agreements.
SB 3025 requires mandatory disclosure of third-party litigation financing agreements to all parties in civil lawsuits. It defines "third-party litigation financing" as funding where repayment depends on case outcomes (e.g., settlements or judgments), excluding standard attorney contingency fees or loans. The Texas Supreme Court must create rules for this disclosure by December 2019, applying to civil cases starting after the rules take effect. The bill directly affects plaintiffs, defendants, and courts by increasing transparency about outside financial support in civil litigation. It does not apply to standard attorney-client fee arrangements.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 14, 2025
Last action Apr 7, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Apr 7, 2025
Committee
Referred to State Affairs
upper
Apr 7, 2025
Introduced
Read first time
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Brent Hagenbuch
RRepublican
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