Political Quotes

“I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 2815 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Litigation Funding Transparency Act of 2018''. SEC. 2. TRANSPARENCY AND OVERSIGHT OF THIRD-PARTY LITIGATION FUNDING IN CLASS ACTIONS. (a) In General.--Chapter 114 of title 28, United States Code, is amended by adding at the end the following: ``Sec. 1716. Third-party litigation funding disclosure ``(a) In General.--In any class action, class counsel shall-- ``(1) disclose in writing to the court and all other named parties to the class action the identity of any commercial enterprise, other than a class member or class counsel of record, that has a right to receive payment that is contingent on the receipt of monetary relief in the class action by settlement, judgment, or otherwise; and ``(2) produce for inspection and copying, except as otherwise stipulated or ordered by the court, any agreement creating the contingent right. ``(b) Timing.--The disclosure required by subsection (a) shall be made not later than the later of-- ``(1) 10 days after execution of any agreement described in subsection (a)(2); or ``(2) the time of service of the action.''.…”