Illinois HB 5244: PUBLIC EMPLOYEE BENEFITS-TECH

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5244

Introduced 2/10/2026, by Rep. Dan Ugaste 

SYNOPSIS AS INTRODUCED:

New Act

735 ILCS 5/2-1003 from Ch. 110, par. 2-1003

815 ILCS 505/2MMMM new

 Creates the Litigation Financing Transparency Act. Provides that a person shall not engage in litigation financing in the State unless the person is registered as a litigation financier under the Act. Provides that, to register as a litigation financier, a person shall file a registration statement with the Department of Financial and Professional Regulation. Sets forth requirements for registration. Prohibits litigation financier from engaging in specified conduct. Sets forth required disclosures in litigation financing agreements. Provides that a violation of the Act constitutes an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Amends the Code of Civil Procedure. Provides that a party may obtain discovery of the existence and terms and conditions of a litigation financing agreement if it is the subject of or is involved in a pending action. Amends the Consumer Fraud and Deceptive Business Practices Act to make a conforming change.

LRB104 19343 SPS 32790 b

A BILL FOR

HB5244LRB104 19343 SPS 32790 b

1 AN ACT concerning business.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. Short title. This Act may be cited as the 

5Litigation Financing Transparency Act.

6 Section 5. Definitions. As used in this Act: 

7 "Affiliate" means a person that directly, or indirectly 

8through one or more intermediaries, controls, is controlled 

9by, or is under common control with another person. 

10 "Consumer" means any individual, governmen