ID H0646

Requires litigation financiers to register with the Idaho Secretary of State, disclosing ownership information for anyone holding 5% or more voting securities, with registration documents becoming public records.

Caps interest rates at the greater of 15% or 6 percentage points above the federal prime rate, and limits litigation financier recovery to 25% of any judgment, settlement, or award obtained.

Prohibits litigation financiers from influencing case decisions, offering legal advice, paying referral fees, or assigning/securitizing financing contracts.

Bans foreign adversaries (as defined by 15 CFR 791.4) and foreign persons of concern from engaging in or investing in litigation financing in Idaho, and prohibits sharing proprietary litigation information with foreign persons.

Mandates disclosure of all litigation financing contracts to opposing parties, courts, and insurers within 30 days, with contracts becoming subject to discovery regardless of whether litigation has commenced.