The Georgia State Senate recently advanced Senate Bill 69, a significant piece of legislation poised to regulate the litigation financing industry within the state. Sponsored by state Senator John F. Kennedy, R-Bolingbroke, this bill mandates third-party litigation financiers to register with the state and compels them to publicly disclose their financing agreements.
This initiative aims to bolster the protection of legal consumers while offering greater transparency in civil cases where external funding is involved. By aligning itself with other states that have adopted similar measures, Georgia seeks to provide a balanced landscape for all parties involved in litigation.