A 804 New York Assembly · 2025 Regular Session

Relates to consumer litigation funding

Summary

Enacts the consumer litigation funding act to promote consumer protections related to consumer litigation funding transactions; provides for contract requirements, including that the contract contain a no penalty provision for the prepayment of the funded amount prior to the settlement of their case; makes related provisions.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Jun 2025

Assembly Passage

Jun 2025

Senate Passage

Jun 2025

Signed into Law

Dec 2025

Introduced Jan 8, 2025 Signed Dec 19, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

A804B → A804C · 5 edits

MODERATE

The bill was amended to add new sponsors and committees, restructure the article's section organization, and replace the 'Contracted amounts' section with a new 'Repayment' section. These changes reflect legislative revisions to the consumer litigation funding framework, likely adjusting regulatory requirements and oversight mechanisms.

Scope change

The bill's scope remains focused on consumer litigation funding in New York, but the internal structure of the article was reorganized with new section numbering and content additions.

ELIGIBILITY

New sponsors were added to the bill, including BURDICK, SHIMSKY, STECK, COLTON, GLICK, and REYES, expanding legislative support.

REQUIREMENT

The bill was referred to the Committee on Codes in addition to the Committee on Consumer Affairs, indicating expanded legislative review.

Sections 899-fff through 899-iii were removed and replaced with a new section 899-fff titled 'Repayment', altering the article's structure.

New sections 899-ggg through 899-mmm were added, including provisions for disclosures, violations, assignability, liens, and other regulatory requirements.

TECHNICAL

The bill number was updated from 804-B to 804-C, and the legislative document identifier was changed from LBD00080-05-5 to LBD00080-06-5.

Floor votes · Senate Jun 9, 2025 · Assembly Jun 9, 2025

How they voted

62–0

Passed · 1 other

Total votes 63

Jun 9, 2025

D Democratic41

41 Yea

100% Yea

R Republican22

21 Yea 1

95% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Dec 19, 2025

Signed into law

SIGNED CHAP.645

lower

Jun 9, 2025

Upper · Passed

PASSED SENATE

upper

Jun 9, 2025

Committee

REFERRED TO RULES

upper

Jun 9, 2025

Lower · Passed

PASSED ASSEMBLY

lower

Jun 6, 2025

Committee

REPORTED REFERRED TO RULES

lower

Jun 5, 2025

Committee

REPORTED REFERRED TO WAYS AND MEANS

lower

May 13, 2025

Lower · Passed

PRINT NUMBER 804C

lower

May 13, 2025

Lower · Passed

AMEND AND RECOMMIT TO CODES

lower

May 6, 2025

Committee

REPORTED REFERRED TO CODES

lower

Mar 27, 2025

Lower · Passed

PRINT NUMBER 804B

lower

Mar 27, 2025

Lower · Passed

AMEND AND RECOMMIT TO CONSUMER AFFAIRS AND PROTECTION

lower

Jan 24, 2025

Lower · Passed

PRINT NUMBER 804A

lower

Jan 24, 2025

Lower · Passed

AMEND AND RECOMMIT TO CONSUMER AFFAIRS AND PROTECTION

lower

Jan 8, 2025

Committee

REFERRED TO CONSUMER AFFAIRS AND PROTECTION

lower

1 primary · 22 co-sponsors