LITIGATION FINANCING TRANSPARENCY – Adds to existing law to establish the Litigation Financing Transparency, National Security, and Consumer Protection Act.

This bill creates a new chapter in Idaho law to regulate litigation financing, which involves companies providing money to plaintiffs in exchange for a share of any legal settlement or judgment. The law requires litigation financiers to register and disclose their contracts, ensuring transparency for consumers who may be seeking funding for legal claims. It also includes national security provisions that prohibit foreign adversaries from providing litigation funding in Idaho and restrict foreign persons from engaging in such financing under specific conditions. Additionally, the bill establishes protections for proprietary business information and sets rules for how litigation financing contracts must be handled during legal discovery.