FL H1157

Creates the "Litigation Investment Safeguards and Transparency Act" establishing Part II of Chapter 69, Florida Statutes, to regulate third-party litigation financing agreements where funders provide money to parties or attorneys in exchange for a share of case proceeds

Prohibits litigation financiers from directing case strategy, settlement decisions, or choice of counsel; bars them from receiving a larger share of proceeds than plaintiffs receive after attorney fees; and prohibits paying referral fees to attorneys or health care practitioners

Requires mandatory disclosure within 14 days when foreign persons, foreign principals, or sovereign wealth funds provide litigation financing, including identification of entities owning 3% or more of the financier's beneficial ownership interests

Exempts from regulation: personal living expense loans to litigants, traditional attorney contingency fees, insurance indemnification, bank loans with non-contingent repayment terms, and 501(c)(3) nonprofit pro bono legal funding

Violations render financing agreements void and unenforceable, constitute deceptive trade practices under Chapter 501, and authorize courts to impose fines and sanctions; effective July 1, 2026, with 30-day compliance window for pending cases