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Archive #49831
Metadata
Bill Number
HB25-1329
HTTP Status
200
Valid JSON
Valid
Archived At
2026-03-30 16:07:13 MDT
Created At
2026-03-30 16:07:13 MDT
Parsed JSON
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"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/1329_ren.pdf", "date": "04/25/2025", "label": "Reengrossed", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/1329_ren.html", "lastModified": "04/25/2025 12:07:24 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/1329_eng.pdf", "date": "04/23/2025", "label": "Engrossed", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/1329_eng.html", "lastModified": "04/23/2025 06:12:12 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/1329_01.pdf", "date": "04/11/2025", "label": "Introduced", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/1329_01.html", "lastModified": "04/11/2025 02:26:21 PM" } ], "committees": [ { "id": "H_JUD_2025A", "name": "Judiciary", "chamber": "House" }, { "id": "S_JUD_2025A", "name": "Judiciary", "chamber": "Senate" }, { "id": "S_APP_2025A", "name": "Appropriations", "chamber": "Senate" } ], "long_title": "Concerning foreign third-party litigation financing for civil actions.", "bill_status": "Signed into Law", "short_title": "Foreign Third-Party Litigation Financing", "bill_summary": "<html><body><p><t></t></p><p style='text-indent:50px'>The act requires a foreign third-party litigation funder (funder) that enters into a litigation financing agreement (agreement) to disclose and submit certain information to the Colorado attorney general. The act prohibits a funder from:</p><p style='text-indent:50px'><ul><li>Utilizing a domestic entity as a means of providing litigation financing to a party or attorney in a civil action;<li>Deciding, influencing, or directing an attorney with respect to the conduct of the civil action or any settlement or resolution of the civil action;<li>Assigning rights to profits other than the right to receive a share of the proceeds awarded in the civil action as outlined in the agreement; or<li>Sharing proprietary information, or information affecting national security interests obtained as a result of the agreement for the civil action, with anyone who is not a party or an attorney.</li></ul><t></t></p><p style='text-indent:50px'>The act subjects an agreement to discovery under the Colorado rules of civil procedure and Colorado rules of evidence.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>The act deems an agreement entered into by a funder void if the funder fails to comply with the activity and disclosure requirements. A funder's failure to comply with the requirements of this act constitutes a deceptive or unfair trade practice. The act allows the attorney general to bring legal action against a funder to enforce compliance with the act, impose fines, prohibit a funder from operating in this state, or impose any other sanction the attorney general deems appropriate for a violation of the activity or disclosure requirements.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>The act requires the department of law to include information about funders in its annual "SMART Act" hearing annually, beginning in January 2026.</p><p style='text-indent:50px'><br/><i>(Note: This summary applies to this bill as enacted.)</i></p></body></html>", "progress_bar": [ { "end": "F", "label": "Introduced", "position": 1 }, { "end": "F", "label": "Passed", "position": 2 }, { "end": "T", "label": "Became Law", "position": 3 } ], "special_type": "", "bill_category": "Courts and Judicial ", "allow_testimony": "F", "amendment_files": [ { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/93D9A42BE454348487258C74007BD39B/HB1329_L.003.pdf", "date": "4/23/2025 5:19:03 PM", "vote": "Passed**", "chamber": "House", "hearing": "Second Reading", "amendment": "L.003" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/455E8E2D7051657987258C6D0079010A/HB1329_L.002.pdf", "date": "4/15/2025 6:29:11 PM", "vote": "Passed*", "chamber": "House", "hearing": "HOU Judiciary", "amendment": "L.002" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/29EBCBE3EF4D4F7787258C6D00528DDC/HB1329_L.001.pdf", "date": "4/15/2025 6:27:30 PM", "vote": "Passed*", "chamber": "House", "hearing": "HOU Judiciary", "amendment": "L.001" } ], "full_bill_topic": "Foreign Third-Party Litigation Financing", "long_bill_files": [], "GHG_report_files": [], "preamended_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/1329_H_JUD_01.pdf", "date": "04/17/2025", "label": "PA1", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/1329_H_JUD_01.html", "lastModified": "04/17/2025 04:58:19 PM", "label_detailed": "House Judiciary Preamend" } ], "bill_sub_category": "Other", "fiscal_note_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/HB1329_00.pdf", "date": "04/14/2025", "label": "FN1", "url_html": "", "lastModified": "07/02/2025 03:36:12 PM", "label_detailed": "Initial Fiscal Note" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/HB1329_r1.pdf", "date": "04/29/2025", "label": "FN2", "url_html": "", "lastModified": "05/14/2025 02:26:14 PM", "label_detailed": "First Revised Fiscal Note" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/HB1329_f1.pdf", "date": "07/24/2025", "label": "FN3", "url_html": "", "lastModified": "07/29/2025 11:27:03 AM", "label_detailed": "Final Fiscal Note" } ], "is_budget_package": "No", "session_laws_files": { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/sl_407.pdf", "date": [ "08/06/2025" ], "page_num": 2317, "url_html": "", "chapter_num": 407, "short_title": "Foreign Third-Party Litigation Financing", "lastModified": "06/10/2025 04:25:23 PM", "governor_action": "Signed", "governor_action_date": "06/03/2025 11:00:00 AM" }, "summarized_history": [ { "date": "06/03/2025", "action": "Governor Signed", "location": "Governor" }, { "date": "05/14/2025", "action": "Sent to the Governor", "location": "Governor" }, { "date": "05/14/2025", "action": "Signed by the President of the Senate", "location": "Senate" }, { "date": "05/14/2025", "action": "Signed by the Speaker of the House", "location": "House" }, { "date": "05/06/2025", "action": "Senate Third Reading Passed - No Amendments", "location": "Senate" }, { "date": "05/05/2025", "action": "Senate Second Reading Special Order - Passed - No Amendments", "location": "Senate" }, { "date": "05/05/2025", "action": "Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole", "location": "Senate" }, { "date": "05/05/2025", "action": "Senate Committee on Judiciary Refer Unamended to Appropriations", "location": "Senate" }, { "date": "04/28/2025", "action": "Introduced In Senate - Assigned to Judiciary", "location": "Senate" }, { "date": "04/25/2025", "action": "House Third Reading Passed - No Amendments", "location": "House" }, { "date": "04/24/2025", "action": "House Third Reading Laid Over Daily - No Amendments", "location": "House" }, { "date": "04/23/2025", "action": "House Second Reading Special Order - Passed with Amendments - Committee, Floor", "location": "House" }, { "date": "04/21/2025", "action": "House Second Reading Laid Over Daily - No Amendments", "location": "House" }, { "date": "04/17/2025", "action": "House Second Reading Laid Over to 04/21/2025 - No Amendments", "location": "House" }, { "date": "04/15/2025", "action": "House Committee on Judiciary Refer Amended to House Committee of the Whole", "location": "House" }, { "date": "04/11/2025", "action": "Introduced In House - Assigned to Judiciary", "location": "House" } ], "research_note_files": [], "bill_sub_sub_category": "Other", "committee_report_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/HB1329_H_JUD_001.pdf", "date": "04/15/2025", "label": "H_JUD_2025A", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/HB1329_H_JUD_001.html", "lastModified": "04/16/2025 05:22:53 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/HB1329_S_JUD_001.pdf", "date": "05/05/2025", "label": "S_JUD_2025A", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/HB1329_S_JUD_001.html", "lastModified": "05/05/2025 02:18:06 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/HB1329_S_APP_003.pdf", "date": "05/05/2025", "label": "S_APP_2025A", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/7051A87478F0E21487258C570077AACF/$File/HB1329_S_APP_003.html", "lastModified": "05/05/2025 03:57:10 PM" } ], "demographic_note_files": [], "updated_bill_summary_files": [], "budget_staff_analysis_files": [], "first_chamber_third_reading_date": "04/25/2025", "second_chamber_third_reading_date": "05/06/2025" }
Raw Response
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The act prohibits a funder from:</p><p style='text-indent:50px'><ul><li>Utilizing a domestic entity as a means of providing litigation financing to a party or attorney in a civil action;<li>Deciding, influencing, or directing an attorney with respect to the conduct of the civil action or any settlement or resolution of the civil action;<li>Assigning rights to profits other than the right to receive a share of the proceeds awarded in the civil action as outlined in the agreement; or<li>Sharing proprietary information, or information affecting national security interests obtained as a result of the agreement for the civil action, with anyone who is not a party or an attorney.</li></ul><t></t></p><p style='text-indent:50px'>The act subjects an agreement to discovery under the Colorado rules of civil procedure and Colorado rules of evidence.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>The act deems an agreement entered into by a funder void if the funder fails to comply with the activity and disclosure requirements. A funder's failure to comply with the requirements of this act constitutes a deceptive or unfair trade practice. The act allows the attorney general to bring legal action against a funder to enforce compliance with the act, impose fines, prohibit a funder from operating in this state, or impose any other sanction the attorney general deems appropriate for a violation of the activity or disclosure requirements.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>The act requires the department of law to include information about funders in its annual "SMART Act" hearing annually, beginning in January 2026.</p><p style='text-indent:50px'><br/><i>(Note: This summary applies to this bill as enacted.)</i></p></body></html>","amendment_files":[{"chamber":"House","date":"4/23/2025 5:19:03 PM","amendment":"L.003","hearing":"Second Reading","vote":"Passed**","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/93D9A42BE454348487258C74007BD39B/HB1329_L.003.pdf"},{"chamber":"House","date":"4/15/2025 6:29:11 PM","amendment":"L.002","hearing":"HOU 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