The Georgia Senate has advanced the regulation of Third-Party Litigation Financing (TPLF) with the passage of Senate Bill (SB) 69. The bill, led by Senate President Pro Tempore John F. Kennedy of Macon, seeks to introduce protective measures for consumers and increase transparency within the state's civil justice system, as reported by Senate Press.
Senator Kennedy highlighted the importance of the bill, expressing concerns about the lack of consumer protections in the $15.2 billion U.S. commercial litigation industry. He noted the current environment, where litigation financiers operate with minimal regulation, which may impact everyday Georgians involved in these financing arrangements, according to Senate Press coverage of his statements.
SB 69 delineates guidelines for litigation financiers, mandating registration with the state before operating in Georgia, and importantly, it bars foreign entities regarded as adversaries from participating in litigation financing within the state.
The drive for this legislative action aligns with Governor Brian P. Kemp’s statements during his State of the State address last month, where he highlighted tort reform as a key priority for the 2025 Legislative Session. Senator Kennedy, who introduced SB 69 in support of the governor's agenda, stated, “It’s time we level the playing field and ensure that our legal system serves the people—not powerful financial interests,” aiming to refocus the justice system on consumer interests, as noted in the article by Senate Press.
