We have received text from S. 3826: Litigation Funding Transparency Act of 2026. This bill was received on 2026-02-11, and currently has 3 cosponsors.
Here is a short summary of the bill:
The Litigation Funding Transparency Act of 2026 aims to improve transparency and oversight regarding third-party funding in certain legal cases, specifically class actions and other mass actions. Here's a breakdown of its main provisions:
Definitions
- Third-party Funder: This term refers to any business or foreign entity that provides financial support for a party involved in certain types of civil litigation.
- Covered Civil Action: This includes class actions, actions consolidated in multidistrict litigation, or those involving at least 100 individual cases.
- Exclusions: Nonprofit organizations that fund civil actions pro bono with domestic donations are excluded from these provisions.
Disclosure Requirements
In any covered civil action, involved parties must:
- Identify any third-party funders to the court and all other parties.
- Disclose whether any of these funders are foreign entities.
- Provide copies of any agreements regarding the funding to the court unless directed otherwise.
- Submit these disclosures within ten days of signing the relevant agreement or at the time of filing the action.
Duties and Enforcement
Parties must correct any disclosures that become incomplete or incorrect and are subject to rules governing sanctions for failing to comply with these disclosure requirements. The obligations will be aligned with existing rules under the Federal Rules of Civil Procedure.
Litigation Strategy Control
The act prohibits third-party funders from exerting influence over litigation decisions, strategies, or settlements, and violating this provision can lead to contempt of court.
Protection of Sensitive Information
Third-party funders are restricted from accessing discovery materials that are protected under court orders, ensuring confidentiality during the legal process.
Reporting Requirements
The Administrative Office of the United States Courts must report periodically on the third-party funders identified in civil actions, detailing their names, the monetary support provided, and related case information.
Applicability
The provisions apply to all relevant cases that are pending or initiated after the act's enactment.
Relevant Companies
- None found
Senator Chuck Grassley Bill Proposals
Here are some bills which have recently been proposed by Senator Chuck Grassley:
- S.3826: Litigation Funding Transparency Act of 2026
- S.3801: Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2026
- S.3761: Student Loan Bond Expansion Act of 2026
- S.3696: FISA Accountability and Extension Act of 2026
- S.3398: Stop Sextortion Act
- S.3397: ECCHO Act
You can track bills proposed by Senator Chuck Grassley on Quiver Quantitative's politician page for Grassley.
Senator Chuck Grassley Net Worth
Quiver Quantitative estimates that Senator Chuck Grassley is worth $6.2M, as of February 25th, 2026. This is the 148th highest net worth in Congress, per our live estimates.
Grassley has approximately $77.4K invested in publicly traded assets which Quiver is able to track live.
You can track Senator Chuck Grassley's net worth on Quiver Quantitative's politician page for Grassley.
2028 Iowa US Senate Election
There has been approximately $14,307,451 of spending in Iowa US Senate elections over the last two years, per our estimates.
Approximately $465,098 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- CLEARPATH ACTION FUND, INC. ($184,503)
- SLF PAC ($167,029)
- INDIVISIBLE ACTION ($30,951)
- SENATE LEADERSHIP FUND ($26,600)
- UNITED BREAST CANCER SUPPORT PAC ($20,440)
The rating for this race is currently "Likely R".
You can track this election on our matchup page for the 2028 Iowa US Senate election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
