Loading chat...

MS HB1260

Bill

Status

Failed

3/4/2025

Primary Sponsor

Jody Steverson

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Requires foreign third-party litigation funders to disclose in writing to the Mississippi Attorney General the name, address, and country of incorporation of any foreign entity with a right to receive or obligation to make payments contingent on civil action outcomes.

  • Mandates disclosure of any foreign entity that receives or is entitled to receive proprietary information or national security-related information obtained through the funding agreement.

  • Requires foreign third-party litigation funders to produce copies of any funding agreements creating contingent payment rights to the Attorney General.

  • Establishes a 30-day disclosure deadline from either the date the funding agreement is executed or the civil action is filed, whichever occurs first; applies a 30-day deadline from service for agreements entered after the civil action is filed.

  • Takes effect July 1, 2025, and stands repealed June 30, 2025 (one-year sunset provision).

Legislative Description

Foreign Third-Party Litigation Funders; require disclosure to the Attorney General.

Last Action

Died In Committee

3/4/2025

Committee Referrals

Judiciary, Division A2/17/2025
Judiciary A1/20/2025

Full Bill Text

No bill text available