U.S. Chamber Applauds the Introduction of the Litigation Transparency Act

WASHINGTON, D.C. - The U.S. Chamber of Commerce Institute for Legal Reform President Stephen Waguespack released the following statement on the Litigation Transparency Act that Rep. Daryl Issa (R-CA) introduced late Friday in the U.S. House of Representatives. The bill would require third-party litigation funding agreements to be disclosed and produced in all federal civil litigation.

"This legislation will help protect the integrity of our judicial system by ensuring that outside financiers are not secretly directing or profiting from litigation they are funding. It is common sense that defendants, plaintiffs, and judges should know who is seeking to profit off litigation."

"The U.S. Chamber of Commerce thanks Rep. Issa for his leadership and strong work on this important issue."