Furthers the reforms of the 2023 Litigation Financing Transparency and Consumer Protection Act by creating the Foreign Investment in Litigation Financing Act, which establishes new definitions and regulations regarding litigation financing. Prohibits funding from certain foreign entities identified as foreign adversaries or foreign persons of concern. Clarifies terms such as “consumer,” “legal claim,” and “litigation financer,” while also introducing requirements for transparency and registration of foreign persons involved in litigation financing. Outlines specific consumer protections, including restrictions on litigation financers’ actions and the obligation to disclose financing contracts to relevant parties.
