HB 25-1329 CO

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Became Law

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: Utilizing a domestic entity as a means of providing litigation financing to a party or attorney in a civil action; Deciding, influencing, or directing an attorney with respect to the conduct of the civil action or any settlement or resolution of the civil action; 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 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. The act subjects an agreement to discovery under the Colorado rules of civil procedure and Colorado rules of evidence. 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. The act requires the department of law to include information about funders in its annual "SMART Act" hearing annually, beginning in January 2026. (Note: This summary applies to this bill as enacted.)

• Javier Mabrey Democratic · primary
• Matt Soper Republican · primary
• Lisa Frizell Republican · primary
• Julie Gonzales Democratic · primary

1. Jun 3, 2025 Governor Signed · executive
2. May 14, 2025 Sent to the Governor · executive
3. May 14, 2025 Signed by the President of the Senate · upper
4. May 14, 2025 Signed by the Speaker of the House · lower
5. May 6, 2025 Senate Third Reading Passed - No Amendments · upper
6. May 5, 2025 Senate Second Reading Special Order - Passed - No Amendments · upper
7. May 5, 2025 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
8. May 5, 2025 Senate Committee on Judiciary Refer Unamended to Appropriations · upper
9. Apr 28, 2025 Introduced In Senate - Assigned to Judiciary · upper
10. Apr 25, 2025 House Third Reading Passed - No Amendments · lower
11. Apr 24, 2025 House Third Reading Laid Over Daily - No Amendments · lower
12. Apr 23, 2025 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
13. Apr 21, 2025 House Second Reading Laid Over Daily - No Amendments · lower
14. Apr 17, 2025 House Second Reading Laid Over to 04/21/2025 - No Amendments · lower
15. Apr 15, 2025 House Committee on Judiciary Refer Amended to House Committee of the Whole · lower
16. Apr 11, 2025 Introduced In House - Assigned to Judiciary · lower