Adds to existing law to establish the Litigation Financing Transparency, National Security, and Consumer Protection Act.

In other states the practice of third party litigation financing has become a problem, as lenders essentially buy a stake in the litigation that is contingent on the outcome of a lawsuit. In most cases those lenders gain a right to control or influence the litigation as a way to secure their investment. That can cause the actual party to the lawsuit to lose control of the litigation on their own case, essentially selling it to the lender. This legislation provides transparency so that lending arrangements are open to the court and to the litigants. It provides consumer protections to assure that these lawsuit lenders don’t displace the actual parties in the decision making on their own litigation and prevents exploitation and undue influence over legal proceedings. Finally, it prevents foreign adversaries and other foreign persons of concern from interfering in the Idaho judicial system by becoming lawsuit lenders.