TRANSPARENCY LAWSUITS PROTECT

Creates the Transparency in Lawsuits Protection Act. Provides that the purpose of the Act is to ensure that any Act, regulatory or otherwise, enacted in this State shall not create a private right of action unless such a right is expressly stated in the Act. Provides that any Act enacted in this State creating a private right of action shall contain express language providing for such a right and that courts of this State shall not construe a statute to imply a private right of action in the absence of such express language. Applies to any action that has not yet been initiated or is pending on the effective date of the Act. Effective immediately.