All Roll Calls
Yes: 139 • No: 6
TennesseeHB 2108114th General Assembly (2025-2026)HouseWALLET
AN ACT to amend Tennessee Code Annotated, Title 47, relative to litigation financing.
Sponsored By: Clark Boyd, Clark (Republican)
Became Law
Business and Commerce
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 1 benefits, 1 costs, 2 mixed.
Registration and $50,000 bond for funders
Lawsuit funding businesses in Tennessee must register with the Secretary of State and pay a $100 filing fee. They must file and keep a $50,000 surety bond approved by the state. Registration filings are public. Certified copies cost $20, and non‑entity registrants pay $20 to amend or withdraw. The Secretary of State may set additional rules and administrative fees. Businesses tied to foreign adversaries named by the U.S. Secretary of Commerce (15 CFR 791.4) cannot register or operate.
Financiers must cover costs and sanctions
If you use commercial lawsuit funding, the financier shares the risk. The financier is jointly and severally liable for any costs or monetary sanctions tied to the funded case. The financier must indemnify you and your lawyer for adverse costs, attorney fees, damages, or sanctions. This does not cover amounts caused by your or your lawyer’s intentional misconduct.
New limits and disclosures for lawsuit funding
The law sets guardrails on commercial lawsuit funding. A financier cannot control your case or its settlement; you and your lawyer keep all decisions. The contract must state this and include the required disclosures. A financier cannot take more than its share of net proceeds after attorneys’ fees and costs. Annual fees are capped at 10% of the original amount advanced. If you use this funding, you or your lawyer must file the contract in court and share it with other parties within 14 days of your first pleading, or within 14 days of signing or changing it. You may ask the court for a protective order.
Who counts as a lawsuit funder and when
The law defines who is a commercial litigation financier and what funding deals are covered. It excludes parties, attorneys, indemnifying entities or insurers, and some nonprofit pro bono providers. It covers funding tied to getting money damages, and excludes contingency‑fee legal services, commercial tort claims, and workers’ compensation claims. It also defines sovereign wealth fund. The law takes effect upon becoming law and applies to contracts entered into, amended, or renewed on or after that date.
Sponsors & Cosponsors
Sponsor
Clark Boyd, Clark
Republican • House
Cosponsors
Fred Atchley, Fred
Republican • House
Roll Call Votes
Senate vote • 4/20/2026
FLOOR VOTE: Third Consideration 4/20/2026
Yes: 26 • No: 6
House vote • 3/9/2026
HOUSE CALENDAR & RULES COMMITTEE
Yes: 0 • No: 0
House vote • 3/9/2026
FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 3/9/2026
Yes: 91 • No: 0
House vote • 3/4/2026
HOUSE COMMERCE COMMITTEE
Yes: 16 • No: 0
House vote • 2/18/2026
HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE
Yes: 6 • No: 0
Actions Timeline
Pub. Ch. 1005
5/26/2026Effective date(s) 05/19/2026
5/26/2026Signed by Governor.
5/19/2026Transmitted to Governor for his action.
5/7/2026HouseSigned by Senate Speaker
5/5/2026SenateSigned by H. Speaker
4/30/2026HouseEnrolled; ready for sig. of H. Speaker.
4/23/2026HouseSenate substituted House Bill for companion Senate Bill.
4/20/2026SenateAmendment withdrawn. (Amendment 1 - SA1017)
4/20/2026SenatePassed Senate, Ayes 26, Nays 6
4/20/2026SenateReceived from House, Passed on First Consideration
3/12/2026SenateEngrossed; ready for transmission to Sen.
3/10/2026HouseH. adopted am. (Amendment 1 - HA0603)
3/9/2026HousePassed H., as am., Ayes 91, Nays 0, PNV 3
3/9/2026HouseH. Placed on Regular Calendar for 3/9/2026
3/5/2026HouseRec. for pass. if am., ref. to Calendar & Rules Committee
3/4/2026HousePlaced on cal. Calendar & Rules Committee for 3/5/2026
3/4/2026HouseSponsor(s) Added.
2/25/2026HousePlaced on cal. Commerce Committee for 3/4/2026
2/25/2026HouseRec for pass if am by s/c ref. to Commerce Committee
2/18/2026HouseRef. to Commerce Committee
2/11/2026HouseAssigned to s/c Banking & Consumer Affairs Subcommittee
2/11/2026HousePlaced on s/c cal Banking & Consumer Affairs Subcommittee for 2/18/2026
2/11/2026HouseP2C, caption bill, held on desk - pending amdt.
2/5/2026HouseIntro., P1C.
2/4/2026House
Bill Text
HA0603 (Substitute)
3/9/2026
Enrolled / Public Chapter
Fiscal Note
Introduced
SA1017
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