Change the statute of limitations for personal injury actions, include administrative proceedings within the Nonrecourse Civil Litigation Act, require disclosures by consumers under such act, and provide for discipline against civil litigation funding companies

LB 199 shortens Nebraska's statute of limitations for personal injury claims to two years, applying only to cases filed after the law takes effect. It expands the Nonrecourse Civil Litigation Act to cover administrative proceedings and requires consumers using litigation funding to disclose funding contracts to all parties, courts, and insurers upfront. The bill also establishes a registration system for litigation funding companies with the Secretary of State, mandating annual reporting on funding terms and outcomes, and allows disciplinary action for violations. These changes directly affect Nebraska residents with personal injury claims, consumers using litigation funding, and the companies providing such funding. The law creates new disclosure obligations and oversight for funding agreements but does not alter existing civil procedure rules.