Protecting TPLF From Abuse Act

HR 7015, the "Protecting TPLF From Abuse Act," requires transparency in civil lawsuits involving third-party litigation funders (TPLFs). It mandates that parties disclose to the court and other parties the identity of any third party funding a case (e.g., investors who fund lawsuits in exchange for a share of winnings), along with their funding agreements, within 10 days of signing the agreement or by the deadline for standard case disclosures. Exceptions apply to simple loans, reasonable interest rates, attorney fee reimbursements, or grants. The bill aims to prevent hidden financial interests from influencing litigation by ensuring courts and opposing parties can review funding arrangements, while protecting certain sensitive information like donor lists unless directly tied to the funding agreement. It applies to all civil cases filed or pending after enactment.