# 119-s-3826: Litigation Funding Transparency Act of 2026

119-s-3826, Litigation Funding Transparency Act of 2026, is a 119th Congress bill sponsored by Sen. Grassley, Chuck [R-IA] (R-IA); status introduced; PRIA reads it as touching household money (as of 2026-08-11).

- Canonical: https://policyrisk.com/legislation/119-s-3826
- As of: 2026-08-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3826
- Congress: 119
- Title: Litigation Funding Transparency Act of 2026
- Status: introduced
- Introduced: 2026-02-11
- Sponsor: Sen. Grassley, Chuck [R-IA] (R-IA)
- Cosponsors: 3
- Policy area: Law
- Touches household money: yes
- Last recorded action: 2026-08-11

## Summary

**Mandatory disclosure of third-party litigation funding in major civil cases.** This bill would require parties and lawyers to identify and produce funding agreements when a commercial, foreign, or sovereign backer supports class actions, multidistrict litigation, or coordinated cases with 100 or more related suits. - Parties and counsel: Would have to disclose the identity of any third-party funder, say whether the funder is a foreign state, foreign person, or sovereign wealth fund, and produce funding agreements to the court and other named parties within 10 days of the agreement or at service. They must supplement or correct disclosures if they become incomplete. - Courts and public oversight: The Administrative Office of the U.S. Courts would receive copies of those disclosures and publish public reports every 120 days naming listed foreign funders, the case caption and docket number, the court, and amounts provided. Reports go to Congress and Department of Justice national security officials. - Litigation integrity and discovery: Funders would be barred from directing strategy or settlement decisions and from accessing protected discovery unless a court allows it. Courts could use contempt powers and civil procedure sanctions for violations.

## Cosponsors (3)

- Sen. Tillis, Thomas [R-NC] (R-NC), 2026-02-11T00:00:00.000Z
- Sen. Kennedy, John [R-LA] (R-LA), 2026-02-11T00:00:00.000Z
- Sen. Cornyn, John [R-TX] (R-TX), 2026-02-11T00:00:00.000Z

## Provisions PRIA read

- Limits on funder control and access: mixed, medium. If enacted, the bill would prohibit third‑party funders from directing litigation strategy, decision‑making, or settlement negotiations in covered cases. It would bar funders and their agents from obtaining discovery materials that a court places under a protective order unless the court explicitly…
- New disclosure and public reports: mixed, medium. If enacted, parties or their lawyers in covered actions would have to tell the court and all named parties the identity of any third‑party funder, say if it is a foreign state or controlled by foreign actors, and produce funding agreements for inspection unless the court orders otherwise. Disclosur…
- Who counts as a litigation funder: mixed, medium. If enacted, the bill would define who counts as a third‑party litigation funder and what lawsuits are "covered civil actions." Covered actions would include MDLs under 28 U.S.C. 1407, any class action, and consolidated district dockets with at least 100 civil actions. The bill would exclude funding…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-401: Fair Access to Banking Act

## Sources
- [119-s-3826 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3826)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3826 (as of 2026-08-11).