S. 1821: Tackling Predatory Litigation Funding Act

S. 1821 is a federal bill in the 119th Congress. Third-party investors who fund lawsuits currently pay standard tax rates on their profits or structure their involvement in specific ways. Under this bill, third-party entities that provide financing for civil lawsuits and receive a cut of the settlement… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.