Colorado 2025 Regular Session

Colorado House Bill HB1329 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		First Regular Session
2	2		Seventy-fifth General Assembly
3	3		STATE OF COLORADO
4		-	~~ENGROSSED~~
5		-	~~This Version Includes All Amendments Adopted~~
6		-	~~on Second Reading in the House of Introduction~~
	4	+	INTRODUCED
	5	+
	6	+
7	7		LLS NO. 25-1033.01 Chelsea Princell x4335
8	8		HOUSE BILL 25-1329
9	9		House Committees Senate Committees
10	10		Judiciary
11	11		A BILL FOR AN ACT
12	12		C
13	13		ONCERNING FOREIGN THIRD -PARTY LITIGATION FINANCING FOR101
14	14		CIVIL ACTIONS.102
15	15		Bill Summary
16	16		(Note: This summary applies to this bill as introduced and does
17	17		not reflect any amendments that may be subsequently adopted. If this bill
18	18		passes third reading in the house of introduction, a bill summary that
19	19		applies to the reengrossed version of this bill will be available at
20	20		http://leg.colorado.gov
21	21		.)
22	22		The bill requires a foreign third-party funder that enters into a
23	23		litigation financing agreement to disclose and submit certain information
24	24		to the Colorado attorney general.
25	25		The bill prohibits a foreign third-party funder from taking part in
26	26		certain activities.
27	27		The bill subjects a litigation financing agreement to discovery
28		-	HOUSE
29		-	Amended 2nd Reading
30		-	April 23, 2025
31	28		HOUSE SPONSORSHIP
32	29		Mabrey and Soper,
33	30		SENATE SPONSORSHIP
34	31		Frizell and Gonzales J.,
35	32		Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
36	33		Capital letters or bold & italic numbers indicate new material to be added to existing law.
37	34		Dashes through the words or numbers indicate deletions from existing law. under the Colorado rules of civil procedure and Colorado rules of
38	35		evidence.
39	36		The bill deems a litigation financing agreement entered into by a
40	37		foreign third-party litigation funder void if the foreign third-party
41	38		litigation funder fails to comply with the activity and disclosure
42	39		requirements.
43	40		The bill allows the attorney general to bring legal action against a
44	41		foreign third-party litigation funder to enforce compliance with the bill,
45	42		impose fines, prohibit a foreign third-party litigation funder from
46	43		operating in this state, or impose any other sanction the attorney general
47	44		deems appropriate for a violation of the activity or disclosure
48	45		requirements.
49	46		Be it enacted by the General Assembly of the State of Colorado:1
50	47		SECTION 1. In Colorado Revised Statutes, add 13-16-126 as2
51	48		follows:3
52	49		13-16-126. Transparency and limitations on third-party4
53	50		litigation funding - unfair or deceptive trade practices - enforcement5
54		-	-
55		-	~~definitions. (1) A~~ S USED IN THIS SECTION, UNLESS ~~THE CONTEXT6~~
56		-	OTHERWISE REQUIRES:7
	51	+	- report - definitions. (1) A
	52	+	S USED IN THIS SECTION, UNLESS THE6
	53	+	CONTEXT OTHERWISE REQUIRES :7
57	54		(a) "A
58	55		TTORNEY" MEANS AN ATTORNEY, GROUP OF ATTORNEYS, OR8
59	56		LAW FIRM THAT REPRESENTS A PARTY IN A CIVIL ACTION IN THIS STATE .9
60	57		(b) "F
61	58		OREIGN COUNTRY OF CONCERN " MEANS A FOREIGN10
62	59		GOVERNMENT LISTED IN 15 CFR 7.4 AND INCLUDES AN AGENCY OF , OR11
63	60		ANY OTHER ENTITY WITH SIGNIFICANT CONTROL OF , THE FOREIGN12
64	61		COUNTRY OF CONCERN.13
65	62		(c) "F
66	63		OREIGN ENTITY" MEANS AN ENTITY THAT IS EITHER OWNED14
67	64		OR CONTROLLED BY THE GOVERNMENT OF A FOREIGN COUNTRY OF15
68	65		CONCERN OR A PARTNERSHIP , ASSOCIATION, CORPORATION, OR16
69	66		ORGANIZATION UNDER THE LAW OF , OR HAVING ITS PRINCIPAL PLACE OF17
70	67		BUSINESS IN, A FOREIGN COUNTRY OF CONCERN OR A SUBSIDIARY18
71	68		THEREOF.19
72		-	1329-2- (d) "FOREIGN THIRD-PARTY LITIGATION FUNDER " MEANS A1
	69	+	HB25-1329-2- (d) "FOREIGN THIRD-PARTY LITIGATION FUNDER " MEANS A1
73	70		FOREIGN ENTITY THAT IS A THIRD-PARTY LITIGATION FUNDER.2
74	71		(e) "L
75	72		ITIGATION EXPENSES" MEANS COSTS TYPICALLY INCURRED3
76	73		IN THE COURSE OF CIVIL LITIGATION, INCLUDING FILING FEES, EXPERT4
77	74		WITNESS FEES, TRANSCRIPT FEES, COURT COSTS, TRAVEL EXPENSES, AND5
78	75		OFFICE OVERHEAD. "LITIGATION EXPENSES" DOES NOT INCLUDE FUNDS6
79	76		INTENDED FOR USE BY A PARTY FOR PERSONAL OR FAMILIAL EXPENSES7
80	77		SUCH AS FOOD, RENT, MORTGAGE PAYMENTS, CAR PAYMENTS, OR MEDICAL8
81	78		BILLS.9
82	79		(f) "L
83	80		ITIGATION FINANCING" MEANS THE FINANCING, FUNDING,10
84	81		ADVANCING, OR LENDING OF MONEY TO PAY FOR LITIGATION EXPENSES OR11
85	82		AN AGREEMENT TO PAY LITIGATION EXPENSES DIRECTLY RELATED TO12
86	83		PURSUING A LEGAL CLAIM, ADMINISTRATIVE PROCEEDING, OR CAUSE OF13
87	84		ACTION IF THE FINANCING, FUNDING, ADVANCING, OR LENDING OF MONEY14
88	85		IS PROVIDED BY A PERSON OTHER THAN THE PERSON WHO IS :15
89	86		(I) A
90	87		PARTY TO THE CIVIL ACTION, ADMINISTRATIVE PROCEEDING,16
91	88		CLAIM, OR CAUSE OF ACTION;17
92	89		(II) A
93	90		N ATTORNEY ENGAGED DIRECTLY OR INDIRECTLY THROUGH18
94	91		ANOTHER LEGAL REPRESENTATIVE TO REPRESENT A PARTY IN THE CIVIL19
95	92		ACTION; OR20
96	93		(III) A
97	94		N ENTITY OR INSURER WITH A PREEXISTING CONTRACTUAL21
98	95		OBLIGATION TO INDEMNIFY OR DEFEND A PARTY TO THE CIVIL ACTION .22
99	96		(g) "L
100	97		ITIGATION FINANCING AGREEMENT " MEANS A TRANSACTION23
101	98		THAT PROVIDES LITIGATION FINANCING TO A PARTY OR A PARTY 'S24
102	99		ATTORNEY IN RETURN FOR ASSIGNING THE THIRD -PARTY LITIGATION25
103	100		FUNDER A RIGHT TO RECEIVE AN AMOUNT THAT INCLUDES THE PAYMENT26
104	101		OF INTEREST, FEES, OR ANY OTHER CONSIDERATION CONTINGENT ON THE27
105		-	1329
	102	+	HB25-1329
106	103		-3- OUTCOME OF THE CLAIM OR ACTION . "LITIGATION FINANCING1
107	104		AGREEMENT" DOES NOT INCLUDE:2
108	105		(I) L
109	106		EGAL SERVICES PROVIDED TO A PARTY BY AN ATTORNEY ON3
110	107		A CONTINGENCY FEE BASIS OR LEGAL COSTS ADVANCED BY AN ATTORNEY4
111	108		WHEN THE SERVICES OR COSTS ARE PROVIDED TO OR ON BEHALF OF A5
112	109		PARTY BY AN ATTORNEY IN THE DISPUTE AND IN ACCORDANCE WITH THE6
113	110		RULES OF PROFESSIONAL CONDUCT ;7
114	111		(II) B
115	112		ILLS, RECEIVABLES, OR LIENS HELD BY A HEALTH -CARE8
116	113		PROVIDER OR THEIR ASSIGNEE;9
117	114		(III) L
118	115		OANS MADE DIRECTLY TO A PARTY OR A PARTY 'S ATTORNEY10
119	116		WHEN REPAYMENT OF THE LOAN IS NOT CONTINGENT UPON THE11
120	117		JUDGMENT, AWARD, SETTLEMENT, OR VERDICT IN A CLAIM OR ACTION; OR12
121	118		(IV) F
122	119		UNDING PROVIDED BY A NONPROFIT ORGANIZATION EXEMPT13
123	120		FROM FEDERAL INCOME TAXATION UNDER SECTION 501(c)(3) OF THE14
124	121		FEDERAL "INTERNAL REVENUE CODE OF 1986".15
125	122		(h) "N
126	123		ATIONAL SECURITY INTEREST" MEANS INTERESTS RELATING16
127	124		TO THE NATIONAL DEFENSE , FOREIGN INTELLIGENCE AND17
128	125		COUNTERINTELLIGENCE, INTERNATIONAL AND DOMESTIC SECURITY , AND18
129	126		FOREIGN RELATIONS.19
130	127		(i) "P
131	128		ARTY" MEANS A PERSON OR ENTITY IN A CIVIL ACTION.20
132	129		(j) "P
133	130		ROPRIETARY INFORMATION " MEANS INFORMATION21
134	131		DEVELOPED, CREATED, OR DISCOVERED BY A PERSON, OR THAT BECAME22
135	132		KNOWN BY OR WAS CONVEYED TO THE PERSON , THAT HAS A COMMERCIAL23
136	133		VALUE IN THE PERSON'S BUSINESS AND INCLUDES DOMAIN NAMES , TRADE24
137	134		SECRETS, COPYRIGHTS, IDEAS, TECHNIQUES, INVENTIONS, AND OTHER25
138	135		INFORMATION RELATING TO DESIGNS, CONFIGURATIONS, DOCUMENTATION,26
139	136		RECORDED DATA, SCHEMATICS, CIRCUITS, MASK WORKS, LAYOUTS,27
140		-	1329
	137	+	HB25-1329
141	138		-4- SOURCE CODE, OBJECT CODE, MASTER WORKS, MASTER DATABASES ,1
142	139		ALGORITHMS, FLOW CHARTS, FORMULAS, WORKS OF AUTHORSHIP ,2
143	140		MECHANISMS, RESEARCH, MANUFACTURE, IMPROVEMENTS, ASSEMBLY,3
144	141		INSTALLATION, INTELLECTUAL PROPERTY INCLUDING PATENTS AND4
145	142		PATENT APPLICATIONS, AND INFORMATION CONCERNING A PERSON 'S5
146	143		ACTUAL OR ANTICIPATED BUSINESS, RESEARCH, OR DEVELOPMENT.6
147	144		(k) "T
148	145		HIRD-PARTY LITIGATION FUNDER" MEANS A PERSON OR7
149	146		ENTITY THAT PROVIDES LITIGATION FINANCING TO A PARTY OR ATTORNEY8
150	147		IN A CIVIL ACTION AND HAS THE CONTRACTUAL RIGHT TO RECEIVE OR9
151	148		MAKE A PAYMENT THAT IS CONTINGENT ON THE OUTCOME OF AN10
152	149		IDENTIFIED CIVIL ACTION BY SETTLEMENT, JUDGMENT, OR OTHERWISE ON11
153	150		THE OUTCOME OF A MATTER WITHIN A PORTFOLIO THAT INCLUDES THE12
154	151		CIVIL ACTION . THIS TERM DOES NOT APPLY TO:13
155	152		(I) T
156	153		HE NAMED PARTIES OR ATTORNEYS WHO PROVIDE FUNDING14
157	154		FOR LITIGATION EXPENSES RELATED TO THE CIVIL ACTION ;15
158	155		(II) A
159	156		PERSON OR ENTITY PROVIDING FUNDING SOLELY INTENDED16
160	157		TO PAY COSTS OF LIVING OR OTHER PERSONAL OR FAMILIAL EXPENSES17
161	158		DURING THE PENDENCY OF THE CIVIL ACTION ;18
162	159		(III) T
163	160		HE NAMED PARTIES OR ATTORNEYS WHO PROVIDE FUNDING ,19
164	161		INCLUDING ON A CONTINGENCY FEE BASIS OR TO ADVANCE THE NAMED20
165	162		PARTIES' LEGAL EXPENSES RELATED TO THE CIVIL ACTION ;21
166	163		(IV) A
167	164		HEALTH INSURER, MEDICAL PROVIDER, OR ASSIGNEE THAT22
168	165		HAS PAID, IS OBLIGATED TO PAY, OR IS OWED MONEY FOR HEALTH -CARE23
169	166		SERVICES RENDERED TO AN INJURED PERSON WHO IS A PARTY TO THE CIVIL24
170	167		ACTION PURSUANT TO THE TERMS OF A HEALTH INSURANCE PLAN OR25
171	168		OTHER AGREEMENT;26
172	169		(V) A
173	170		FINANCIAL INSTITUTION PROVIDING LOANS MADE DIRECTLY27
174		-	1329
	171	+	HB25-1329
175	172		-5- TO A PARTY OR ATTORNEY WHEN REPAYMENT OF THE LOAN IS NOT1
176	173		CONTINGENT UPON THE OUTCOME OF THE CIVIL ACTION OR ON THE2
177	174		OUTCOME OF A MATTER WITHIN A PORTFOLIO THAT INCLUDES THE CIVIL3
178	175		ACTION AND INVOLVES THE SAME ATTORNEY ; OR4
179	176		(VI) A
180	177		NONPROFIT LEGAL ORGANIZATION EXEMPT FROM FEDERAL5
181	178		INCOME TAXATION UNDER SECTION 501(c)(3) OF THE FEDERAL "INTERNAL6
182	179		R
183	180		EVENUE CODE OF 1986", OR A PERSON PROVIDING FUNDING TO A7
184	181		NONPROFIT LEGAL ORGANIZATION THAT REPRESENTS CLIENTS ON A PRO8
185	182		BONO BASIS. THIS SUBSECTION (1)(k)(VI) DOES NOT AFFECT THE AWARD9
186	183		OF COSTS OR ATTORNEY FEES TO A NONPROFIT LEGAL ORGANIZATION OR10
187	184		RELATED ATTORNEY.11
188	185		(2) A
189	186		FOREIGN THIRD-PARTY LITIGATION FUNDER SHALL:12
190	187		(a) D
191	188		ISCLOSE IN WRITING TO THE ATTORNEY GENERAL THE NAME ,13
192	189		ADDRESS, AND CITIZENSHIP OR COUNTRY OF INCORPORATION OR14
193	190		REGISTRATION OF THE FOREIGN ENTITY THAT HAS A FINANCIAL STAKE IN15
194	191		THE OUTCOME OF THE CIVIL ACTION OR PORTFOLIO THAT INCLUDES THE16
195	192		CIVIL ACTION; AND17
196	193		(b) S
197	194		UBMIT TO THE ATTORNEY GENERAL A COPY OF THE18
198	195		LITIGATION FINANCING AGREEMENT CREATING THE CONTINGENT RIGHT TO19
199	196		RECEIVE PAYMENT DESCRIBED IN SUBSECTION (2)(a) OF THIS SECTION.20
200	197		(3) T
201	198		HE DISCLOSURE AND CERTIFICATION REQUIRED BY21
202	199		SUBSECTION (2) OF THIS SECTION MUST BE MADE UPON FILING THE CIVIL22
203	200		ACTION OR, IF THE CIVIL ACTION IS FILED PRIOR TO THE EXECUTION OF A23
204	201		LITIGATION FINANCING AGREEMENT, WITHIN THIRTY-FIVE DAYS AFTER THE24
205	202		EXECUTION OF THE LITIGATION FINANCING AGREEMENT .25
206	203		(4) T
207	204		HE DECLARANT SHALL MAKE THE DISCLOSURE AND26
208	205		CERTIFICATION REQUIRED BY SUBSECTION (2) OF THIS SECTION UNDER27
209		-	1329
	206	+	HB25-1329
210	207		-6- PENALTY OF PERJURY BASED ON ACTUAL KNOWLEDGE OF THE DECLARANT1
211	208		FORMED AFTER REASONABLE INQUIRY . THE FOREIGN THIRD-PARTY2
212	209		LITIGATION FUNDER SHALL PROVIDE THE DISCLOSURE AND CERTIFICATION3
213	210		TO THE ATTORNEY GENERAL , AND THE ATTORNEY GENERAL SHALL4
214	211		MAINTAIN THE DISCLOSURE TO PRESERVE THE CONFIDENTIALITY OF THE5
215	212		PARTIES AND ATTORNEYS.6
216	213		(5) I
217	214		F, AFTER SUBMITTING THE DISCLOSURE AND CERTIFICATION7
218	215		REQUIRED BY SUBSECTION (2) OF THIS SECTION , THE FOREIGN8
219	216		THIRD-PARTY LITIGATION FUNDER LEARNS THAT THE INFORMATION9
220	217		DISCLOSED IS INCOMPLETE OR INACCURATE , THE FOREIGN THIRD-PARTY10
221	218		LITIGATION FUNDER MUST SUPPLEMENT OR CORRECT THE INCOMPLETE OR11
222	219		INACCURATE DISCLOSURE OR CERTIFICATION WITHIN THIRTY -FIVE DAYS12
223	220		AFTER LEARNING OF THE INCOMPLETE OR INACCURATE INFORMATION .13
224	221		(6) A
225	222		FOREIGN THIRD-PARTY LITIGATION FUNDER SHALL NOT :14
226		-	15
227		-	(a) UTILIZE A DOMESTIC ENTITY AS A MEANS OF PROVIDING16
228		-	LITIGATION FINANCING TO A PARTY OR ATTORNEY IN A CIVIL ACTION ;17
229		-	(b) DECIDE, INFLUENCE, OR DIRECT AN ATTORNEY WITH RESPECT18
230		-	TO THE CONDUCT OF THE CIVIL ACTION OR ANY SETTLEMENT OR19
231		-	RESOLUTION OF THE CIVIL ACTION. THE RIGHT TO DECIDE, INFLUENCE, OR20
232		-	DIRECT MATTERS RELATED TO A CASE BELONGS SOLELY TO THE PARTIES21
233		-	AND ATTORNEYS.22
234		-	(c) BE ASSIGNED RIGHTS TO PROFITS OTHER THAN THE RIGHT TO23
235		-	RECEIVE A SHARE OF THE PROCEEDS AWARDED IN THE CIVIL ACTION AS24
236		-	OUTLINED IN THE LITIGATION FINANCING AGREEMENT ; OR25
237		-	(d) SHARE PROPRIETARY INFORMATION , OR INFORMATION26
238		-	AFFECTING NATIONAL SECURITY INTERESTS OBTAINED AS A RESULT OF THE27
239		-	1329
240		-	-7- LITIGATION FINANCING AGREEMENT FOR THE CIVIL ACTION , WITH ANYONE1
241		-	WHO IS NOT A PARTY OR AN ATTORNEY .2
	223	+	(a) K
	224	+	NOWINGLY ENTER INTO A LITIGATION FINANCING AGREEMENT15
	225	+	IN WHICH THE TERMS OF THE LITIGATION FINANCING AGREEMENT MUST BE16
	226	+	SATISFIED BY FUNDS DIRECTLY SOURCED , IN WHOLE OR IN PART, FROM A17
	227	+	FOREIGN ENTITY;18
	228	+	(b) U
	229	+	TILIZE A DOMESTIC ENTITY AS A MEANS OF PROVIDING19
	230	+	LITIGATION FINANCING TO A PARTY OR ATTORNEY IN A CIVIL ACTION ;20
	231	+	(c) D
	232	+	ECIDE, INFLUENCE, OR DIRECT AN ATTORNEY WITH RESPECT21
	233	+	TO THE CONDUCT OF THE CIVIL ACTION OR ANY S ETTLEMENT OR22
	234	+	RESOLUTION OF THE CIVIL ACTION. THE RIGHT TO DECIDE, INFLUENCE, OR23
	235	+	DIRECT MATTERS RELATED TO A CASE BELONGS SOLELY TO THE PARTIES24
	236	+	AND ATTORNEYS.25
	237	+	(d) B
	238	+	E ASSIGNED RIGHTS TO PROFITS OTHER THAN THE RIGHT TO26
	239	+	RECEIVE A SHARE OF THE PROCEEDS AWARDED IN THE CIVIL ACTION AS27
	240	+	HB25-1329
	241	+	-7- OUTLINED IN THE LITIGATION FINANCING AGREEMENT ; OR1
	242	+	(e) S
	243	+	HARE PROPRIETARY INFORMATION , OR INFORMATION2
	244	+	AFFECTING NATIONAL SECURITY INTERESTS OBTAINED AS A RESULT OF THE3
	245	+	LITIGATION FINANCING AGREEMENT FOR THE CIVIL ACTION , WITH ANYONE4
	246	+	WHO IS NOT A PARTY OR AN ATTORNEY .5
242	247		(7) T
243		-	HE EXISTENCE
244		-	~~OF A LITIGATION FINANCING~~ AGREEMENT ~~IS3~~
245		-	~~SUBJECT TO DISCOVERY PURSUANT TO THE~~ COLORADO RULES OF ~~CIVIL4~~
246		-	~~PROCEDURE AND COLORADO RULES OF EVIDENCE IN THE~~ CIVIL ACTION ~~TO5~~
247		-	~~WHICH THE LITIGATION FINANCING AGREEMENT~~ PERTAINS .6
	248	+	HE EXISTENCE AND TERMS OF A LITIGATION FINANCING6
	249	+	AGREEMENT IS SUBJECT TO DISCOVERY PURSUANT TO THE COLORADO7
	250	+	RULES OF CIVIL PROCEDURE AND COLORADO RULES OF EVIDENCE IN THE8
	251	+	CIVIL ACTION TO WHICH THE LITIGATION FINANCING AGREEMENT9
	252	+	PERTAINS.10
248	253		(8) A
249		-	LITIGATION FINANCING AGREEMENT THAT DOES NOT ~~COMPLY7~~
250		-	WITH THE REQUIREMENTS OF THIS SECTION IS VOID .8
	254	+	LITIGATION FINANCING AGREEMENT THAT DOES NOT COMPLY11
	255	+	WITH THE REQUIREMENTS OF THIS SECTION IS VOID .12
251	256		(9) A
252		-	VIOLATION OF THIS SECTION CONSTITUTES A DECEPTIVE ~~OR9~~
253		-	UNFAIR TRADE PRACTICE PURSUANT TO SECTION 6-1-105.10
	257	+	VIOLATION OF THIS SECTION CONSTITUTES A DECEPTIVE OR13
	258	+	UNFAIR TRADE PRACTICE PURSUANT TO SECTION 6-1-105.14
254	259		(10) T
255		-	HE ATTORNEY GENERAL MAY INSTITUTE A LEGAL ACTION IN11
256		-	A COURT OF COMPETENT JURISDICTION TO ENFORCE COMPLIANCE WITH12
257		-	THIS SECTION, IMPOSE FINES, PROHIBIT A FOREIGN THIRD -PARTY13
258		-	LITIGATION FUNDER FROM OPERATING WITHIN THIS STATE , OR IMPOSE ANY14
259		-	OTHER SANCTION THE ATTORNEY GENERAL DEEMS APPROPRIATE FOR A15
260		-	VIOLATION OF THIS SECTION.16
261		-	(11) (a) BEGINNING JANUARY 2026, AND IN JANUARY EVERY YEAR17
262		-	THEREAFTER, THE DEPARTMENT OF LAW SHALL INCLUDE AS PART OF ITS18
263		-	PRESENTATION DURING ITS "SMART ACT" HEARING REQUIRED BY19
264		-	SECTION 2-7-203, INFORMATION CONCERNING THE ADMINISTRATION OF20
265		-	THIS SECTION AND MUST INCLUDE THE FOLLOWING :21
	260	+	HE ATTORNEY GENERAL MAY INSTITUTE A LEGAL ACTION IN15
	261	+	A COURT OF COMPETENT JURISDICTION TO ENFORCE COMPLIANCE WITH16
	262	+	THIS SECTION, IMPOSE FINES, PROHIBIT A FOREIGN THIRD -PARTY17
	263	+	LITIGATION FUNDER FROM OPERATING WITHIN THIS STATE , OR IMPOSE ANY18
	264	+	OTHER SANCTION THE ATTORNEY GENERAL DEEMS APPROPRIATE FOR A19
	265	+	VIOLATION OF THIS SECTION.20
	266	+	(11) (a) N
	267	+	OTWITHSTANDING SECTION 24-1-136 (11)(a)(I),21
	268	+	BEGINNING JANUARY 1, 2026, AND ANNUALLY THEREAFTER , THE22
	269	+	ATTORNEY GENERAL SHALL SUBMIT A REPORT TO THE PRESIDENT OF THE23
	270	+	SENATE AND THE SPEAKER OF THE HOUSE OF REPRESENTATIVES24
	271	+	DESCRIBING FOREIGN INVOLVEMENT IN LITIGATION FINANCING25
	272	+	AGREEMENTS IN THE PRECEDING YEAR . THE REPORT MUST INCLUDE:26
266	273		(I) T
267		-	HE NAME, CITIZENSHIP, OR COUNTRY OF INCORPORATION OR22
268		-	REGISTRATION OF THE FOREIGN ENTITY AND WHETHER THE FOREIGN23
269		-	ENTITY PROVIDED FUNDS FOR A PURPOSE OTHER THAN TO DEFRAY24
270		-	LITIGATION EXPENSES OR THE FINANCIAL IMPACT OF A NEGATIVE25
271		-	JUDGEMENT; AND26
	274	+	HE NAME, CITIZENSHIP, OR COUNTRY OF INCORPORATION OR27
	275	+	HB25-1329
	276	+	-8- REGISTRATION OF THE FOREIGN ENTITY AND WHETHER THE FOREIGN1
	277	+	ENTITY PROVIDED FUNDS FOR A PURPOSE OTHER THAN TO DEFRAY2
	278	+	LITIGATION EXPENSES OR THE FINANCIAL IMPACT OF A NEGATIVE3
	279	+	JUDGEMENT; AND4
272	280		(II) W
273		-	HETHER A FOREIGN THIRD -PARTY LITIGATION FUNDER27
274		-	1329
275		-	-8- VIOLATED THE PROVISIONS OF THIS SECTION , AND IF SO, WHAT THE1
276		-	VIOLATIONS WERE AND WHETHER THE ATTORNEY GENERAL TOOK2
277		-	ENFORCEMENT ACTION AGAINST THE FOREIGN THIRD -PARTY LITIGATION3
278		-	FUNDER.4
	281	+	HETHER A FOREIGN THIRD -PARTY LITIGATION FUNDER5
	282	+	VIOLATED THE PROVISIONS OF THIS SECTION , AND IF SO, WHAT THE6
	283	+	VIOLATIONS WERE AND WHETHER THE ATTORNEY GENERAL TOOK7
	284	+	ENFORCEMENT ACTION AGAINST THE FOREIGN THIRD -PARTY LITIGATION8
	285	+	FUNDER.9
279	286		(b) T
280		-	HE
281		-	INFORMATION DESCRIBED IN SUBSECTION (11)(a) OF THIS5
282		-	SECTION MUST NOT IDENTIFY THE PARTIES INVOLVED IN A CIVIL ACTION OR6
283		-	THE ATTORNEY REPRESENTING THE PARTIES IN THE CIVIL ACTION .7
	287	+	HE REPORT DESCRIBED IN SUBSECTION (11)(a) OF THIS10
	288	+	SECTION MUST NOT IDENTIFY THE PARTIES INVOLVED IN A CIVIL ACTION OR11
	289	+	THE ATTORNEY REPRESENTING THE PARTIES IN THE CIVIL ACTION .12
284	290		(12) T
285		-	HIS SECTION DOES NOT APPLY TO A ~~NONPROFIT8~~
286		-	ORGANIZATION FUNDED BY PRIVATE DONORS THAT REPRESENTS ~~CLIENTS9~~
287		-	ON A PRO BONO BASIS.10
288		-	SECTION 2. In Colorado Revised Statutes, 6-1-105, add (1)(iiii)11
289		-	as follows:12
290		-	6-1-105. Unfair or deceptive trade practices - definitions.13
291		-	(1) A person engages in a deceptive trade practice when, in the course ~~of14~~
292		-	the person's business, vocation, or occupation, the person:15
	291	+	HIS SECTION DOES NOT APPLY TO A NONPROFIT13
	292	+	ORGANIZATION FUNDED BY PRIVATE DONORS THAT REPRESENTS CLIENTS14
	293	+	ON A PRO BONO BASIS.15
	294	+	SECTION 2. In Colorado Revised Statutes, 6-1-105, add (1)(iiii)16
	295	+	as follows:17
	296	+	6-1-105. Unfair or deceptive trade practices - definitions.18
	297	+	(1) A person engages in a deceptive trade practice when, in the course of19
	298	+	the person's business, vocation, or occupation, the person:20
293	299		(iiii) V
294		-	IOLATED SECTION 13-16-126.16
295		-	SECTION 3. In Colorado Revised Statutes, 24-31-101, ~~amend17~~
296		-	(1)(i)(XXII) and (1)(i)(XXIII); and add (1)(i)(XXIV) as follows:18
297		-	24-31-101. Powers and duties of attorney general. (1) ~~The19~~
298		-	attorney general:20
299		-	(i) May independently initiate and bring civil and criminal ~~actions21~~
300		-	to enforce state laws, including actions brought pursuant to:22
301		-	~~(XXII) Part 14 of article 12 of title 38; and~~
302		-	23
	300	+	IOLATED SECTION 13-16-126.21
	301	+	SECTION 3. In Colorado Revised Statutes, 24-31-101, amend22
	302	+	(1)(i)(XXII) and (1)(i)(XXIII); and add (1)(i)(XXIV) as follows:23
	303	+	24-31-101. Powers and duties of attorney general. (1) The24
	304	+	attorney general:25
	305	+	(i) May independently initiate and bring civil and criminal actions26
	306	+	to enforce state laws, including actions brought pursuant to:27
	307	+	HB25-1329
	308	+	-9- (XXII) Part 14 of article 12 of title 38; and1
303	309		(XXIII) Section 24-34-806;
304		-	~~AND24~~
	310	+	AND2
305	311		(XXIV) S
306		-	ECTION 13-16-126.25
307		-	SECTION 4. Act subject to petition - effective date. This act26
308		-	takes effect at 12:01 a.m. on the day following the expiration of the27
309		-	1329
310		-	-9- ninety-day period after final adjournment of the general assembly; except1
311		-	that, if a referendum petition is filed pursuant to section 1 (3) of article V2
312		-	of the state constitution against this act or an item, section, or part of this3
313		-	act within such period, then the act, item, section, or part will not take4
314		-	effect unless approved by the people at the general election to be held in5
315		-	November 2026 and, in such case, will take effect on the date of the6
316		-	official declaration of the vote thereon by the governor.7
317		-	1329
	312	+	ECTION 13-16-126.3
	313	+	SECTION 4. Act subject to petition - effective date. This act4
	314	+	takes effect at 12:01 a.m. on the day following the expiration of the5
	315	+	ninety-day period after final adjournment of the general assembly; except6
	316	+	that, if a referendum petition is filed pursuant to section 1 (3) of article V7
	317	+	of the state constitution against this act or an item, section, or part of this8
	318	+	act within such period, then the act, item, section, or part will not take9
	319	+	effect unless approved by the people at the general election to be held in10
	320	+	November 2026 and, in such case, will take effect on the date of the11
	321	+	official declaration of the vote thereon by the governor.12
	322	+	HB25-1329
318	323		-10-