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MS HB626
Bill
Status
Failed
2/3/2026
Primary Sponsor
Jody Steverson
Click for details
AI Summary
- Foreign third-party litigation funders with foreign entity funding sources must disclose to the Mississippi Attorney General the name, address, and citizenship/country of incorporation of any foreign entity entitled to payments contingent on a civil action's outcome
- Disclosure must also include information about any foreign entity that has received or is entitled to receive proprietary information or information affecting national security obtained through the funding agreement
- A copy of any agreement creating contingent payment rights must be produced to the Attorney General
- Required disclosures must be made within 30 days of executing the funding agreement or filing the civil action, whichever applies
- The bill defines "foreign entity of concern" to include entities organized in foreign countries of concern, controlled by foreign governments, or appearing on OFAC sanctions lists or designated as foreign terrorist organizations; effective date is July 1, 2026
Legislative Description
Foreign Third-Party Litigation Funders; require disclosure to the Attorney General.
Last Action
Died In Committee
2/3/2026
Committee Referrals
Judiciary A1/13/2026
Full Bill Text
No bill text available