HTIA Supports Legislation Reforming Third-Party Financed Civil Litigation

On October 7, 2024, Congressman Darrell Issa (CA-48), Chairman of the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet, and Congressman Scott Fitzgerald (WI-05) introduced H.R. 9922, the Litigation Transparency Act of 2024, which requires the disclosure of parties receiving payment in civil lawsuits. High Tech Inventors Alliance said of the bill: “We commend Chairman Issa and Representative Fitzgerald for their leadership in defending U.S. companies by exposing the predatory tactics of hedge funds, private equity, and foreign countries employed for the sole purpose of exploiting our courts for financial gain. For too long, a lack of transparency has empowered shell companies to leech off American businesses, while hiding their exploitative practices and, oftentimes, their foreign investors and owners. We urge Congress to choose sunlight over secrecy and stand with American innovators.” Read the full press release from the Office of Rep. Darrell Issa here.