Illinois House Bill 5244

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 5 2026 - 25% progression, died in committee
Action: 2026-02-10 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Litigation Financing Transparency Act. Provides that a person shall not engage in litigation financing in the State unless the person is registered as a litigation financier under the Act. Provides that, to register as a litigation financier, a person shall file a registration statement with the Department of Financial and Professional Regulation. Sets forth requirements for registration. Prohibits litigation financier from engaging in specified conduct. Sets forth required disclosures in litigation financing agreements. Provides that a violation of the Act constitutes an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Amends the Code of Civil Procedure. Provides that a party may obtain discovery of the existence and terms and conditions of a litigation financing agreement if it is the subject of or is involved in a pending action. Amends the Consumer Fraud and Deceptive Business Practices Act to make a conforming change.

LITIGATION FINANCING ACT

Rep. Dan Ugaste [R]

Date	Chamber	Action
2026-02-10	House	Referred to Rules Committee
2026-02-10	House	First Reading
2026-02-05	House	Filed with the Clerk by Rep. Daniel J. Ugaste

Chapter	Article	Section	Citation Type	Statute Text
735	5	2-1003	Amended Code	Citation Text
815	505	2MMMM	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/Legislation/BillStatus?DocNum=5244&GAID=18&DocTypeID=HB&LegId=166938&SessionID=114
Text	https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=208284&DocName=10400HB5244&DocNum=5244&DocTypeID=HB&LegID=166938&GAID=18&SessionID=114&SpecSess=&Session=