MT SB511

Amends Montana's Litigation Financing Transparency and Consumer Protection Act to expand definitions and broaden protections, including capping litigation financer recovery at 25% of any judgment, award, or settlement amount

Creates the new "Foreign Investment in Litigation Financing Act" prohibiting foreign adversaries (countries designated under 15 CFR 791.4) and foreign persons of concern from engaging in litigation financing in Montana

Prohibits litigation financers from receiving money from, affiliating with, or allowing ownership/control by foreign adversaries or foreign persons of concern, and bars disclosure of proprietary litigation information to foreign entities

Requires litigation financers affiliated with any foreign persons to register with the Secretary of State within 30 days, disclosing the foreign person's identity, citizenship/country of incorporation, and copies of financing contracts

Litigation financers are made jointly and severally liable for court-imposed costs or sanctions against consumers or legal representatives in cases they finance; the act takes effect immediately upon passage and applies to contracts entered after the effective date