Florida SB 1396: Security for Jewish Day Schools and Preschools

Bill Text

1396 
Litigation Financing Consumer Protection 
2026-02-04T03:07:07Z 
Citing this act as the “Litigation Investment Safeguards and Transparency Act”; authorizing courts to consider the existence of a litigation financing agreement under certain circumstances; prohibiting specified acts by litigation financiers; requiring certain parties to a legal proceeding, or their counsels of record, which have entered into a litigation financing agreement with a foreign person, a foreign principal, or a sovereign wealth fund to file and serve a notice identifying specified information with the court, agency, or tribunal and all other parties to the legal proceeding within a specified timeframe, etc. 
Committee Substitute 1 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
c1 

 Florida Senate - 2026 CS for SB 1396 

 By the Committee on Rules; and Senator Burton 

 595-02443-26 20261396c1 
 1 A bill to be entitled 
 2 An act relating to litigation financing consumer 
 3 protection; providing a short title; designating part 
 4 I of ch. 69, F.S., entitled “General Provisions”; 
 5 creating part II of ch. 69, F.S., entitled “Litigation 
 6 Financing”; creating s. 69.101, F.S.; defining terms; 
 7 creating s. 69.103, F.S.; authorizing courts to 
 8 consider the existence of a litigation financing 
 9 agreement under certain circumstances; creating s. 
 10 69.105, F.S.; prohibiting specified acts by litigation 
 11 financiers; providing that all rights to make certain 
 12 decisions in a legal proceeding remain solely with the 
 13 parties to such legal proceeding; creating s. 69.107, 
 14 F.S.; requiring certain parties to a legal proceeding, 
 15 or their counsels of record, which have entered into a 
 16 litigation financing agreement with a foreign person, 
 17 a foreign principal, or a sovereign wealth fund to 
 18 file and serve a notice identifying specified 
 19 information with the court, agency, or tribunal and 
 20 all other parties to the legal proceeding within a 
 21 specified timeframe; requiring that such notice also 
 22 be filed with the Department of Financial Services and 
 23 the Office of the Attorney General; providing that 
 24 certain information in a litigation financing 
 25 agreement is not required to be disclosed; authorizing 
 26 the court, agency, or tribunal to order that the 
 27 notice or supporting documentation be filed under seal 
 28 and issue protective orders to safeguard proprietary 
 29 or confidential information; prohibiting a foreign 
 30 litigation financier or person acting on its behalf 
 31 from using a domestic entity or affiliate to conceal 
 32 or evade such disclosure requirements or from 
 33 receiving, transmitting, or sharing certain 
 34 information obtained through litigation financing with 
 35 certain foreign persons, foreign principals, or 
 36 sovereign wealth funds; providing applicability; 
 37 providing for sanctions; providing construction; 
 38 creating s. 69.109, F.S.; providing that a litigation 
 39 financing agreement is void and unenforceable in 
 40 specified circumstances; providing for enforcement of 
 41 specified violations under the Florida Deceptive and 
 42 Unfair Trade Practices Act; authorizing any court, 
 43 agency, or tribunal of competent jurisdiction to 
 44 impose fines or other sanctions it deems appropriate 
 45 for violations of certain provisions; providing 
 46 severability; providing retroactive applicability; 
 47 providing applicability; providing an effective date. 
 48 
 49 Be It Enacted by the Legislature of the State of Florida: 
 50 
 51 Section 1. This act may be cited as the “Litigation 
 52 Investment Safeguards and Transparency Act.” 
 53 Section 2. Sections 69.011, 69.021, 69.031, 69.041, 69.051, 
 54 69.061, 69.071, and 69.081, Florida Statutes, are designated as 
 55 part I of chapter 69, Florida Statutes, and entitled “General 
 56 Provisions.” 
 57 Section 3. Part II of chapter 69, Florida Statutes, 
 58 consisting of ss. 69.101, 69.103, 69.105, 69.107, and 69.109, 
 59 Florida Statutes, is created and entitled “Litigation 
 60 Financing,” to read: 
 61 
 62 PART II 
 63 LITIGATION FINANCING 
 64 69.101 Definitions.—As used in this part, the term: 
 65 (1) “Foreign person” means a person or an entity that is 
 66 not: 
 67 (a) A citizen of the United States; 
 68 (b) An alien lawfully admitted for permanent residence in 
 69 the United States; 
 70 (c) An unincorporated association, a majority of members of 
 71 which are citizens of the United States or aliens lawfully 
 72 admitted for permanent residence in the United States; or 
 73 (d) A corporation incorporated in the United States. 
 74 (2) “Foreign principal” means: 
 75 (a) The government or a government official of any country 
 76 other than the United States; 
 77 (b) A political subdivision or political party, or the 
 78 officials thereof, of a country other than the United States; or 
 79 (c) Any partnership, association, corporation, 
 80 organizat