Colorado 2025 Regular Session Status: Enacted Bipartisan · 10 D · 3 R cosponsors

HB 25-1329 — Foreign Third-Party Litigation Financing

Last action — Governor Signed

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced April 11, 2025. Enacted.

Signed by Governor Jared Polis (Democratic) on June 03, 2025.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 78% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 14 sponsors

    4 primary, 10 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (10 D · 3 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

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.)

Bill Text

What changed in the latest version

22 added · 17 removed

22 line(s) added, 17 removed.

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Latest
First Regular Session Seventy-fifth General Assembly STATE OF COLORADO ENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO.
First Regular Session Seventy-fifth General Assembly STATE OF COLORADO REENGROSSED This Version Includes All Amendments Adopted in the House of Introduction LLS NO.
25-1033.01 Chelsea Princell x4335 HOUSE BILL 25-1329 HOUSE SPONSORSHIP Mabrey and Soper, SENATE SPONSORSHIP Frizell and Gonzales J., House Committees Senate Committees Judiciary A BILL FOR AN ACT C ONCERNING FOREIGN THIRD -PARTY LITIGATION FINANCING FOR CIVIL ACTIONS .
25-1033.01 Chelsea Princell x4335 HOUSE BILL 25-1329 HOUSE SPONSORSHIP Mabrey and Soper, Bacon, Caldwell, Clifford, Espenoza, Garcia, Ricks, Rutinel, Sirota, Story, Zokaie SENATE SPONSORSHIP Frizell and Gonzales J., House Committees Senate Committees Judiciary A BILL FOR AN ACT C ONCERNING FOREIGN THIRD -PARTY LITIGATION FINANCING FOR CIVIL ACTIONS .
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov.) The bill requires a foreign third-party funder that enters into a litigationfinancingagreementtodiscloseandsubmitcertaininformation to the Colorado attorney general.
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill e n passes third reading in the house of introduction, a bill summary that m 2 applies to the reengrossed version of this bill will be available at E n 2 U U 5 http://leg.colorado.gov.) O i i H a p The bill requires a foreign third-party funder that enters into a R A r litigationfinancingagreementtodiscloseandsubmitcertaininformation 3 to the Colorado attorney general.
i 5 The bill subjects a litigation financing agreement to discovery a 0 S R , O n 2 Shading denotes HOUSE amendment.
i a 2 The bill subjects a litigation financing agreement to discovery E e 2 U d 3 O 2 i Shading denotes HOUSE amendment.
H 2 r Capital letters or bold & italic numbers indicate new material to be added to existing lawd A Dashes through the words or numbers indicate deletions from existing law.
H d p Capital letters or bold & italic numbers indicate new material to be added to existing law.d A Dashes through the words or numbers indicate deletions from existing law.
e m A under the Colorado rules of civil procedure and Colorado rules of evidence.
e A under the Colorado rules of civil procedure and Colorado rules of evidence.
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Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Governor Signed

  2. Signed by the Speaker of the House

  3. Signed by the President of the Senate

  4. Sent to the Governor

  5. Senate Third Reading Passed - No Amendments

  6. Senate Committee on Judiciary Refer Unamended to Appropriations

  7. Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

  8. Senate Second Reading Special Order - Passed - No Amendments

  9. Introduced In Senate - Assigned to Judiciary

  10. House Third Reading Passed - No Amendments

  11. House Third Reading Laid Over Daily - No Amendments

  12. House Second Reading Special Order - Passed with Amendments - Committee, Floor

  13. House Second Reading Laid Over Daily - No Amendments

  14. House Second Reading Laid Over to 04/21/2025 - No Amendments

  15. House Committee on Judiciary Refer Amended to House Committee of the Whole

  16. Introduced In House - Assigned to Judiciary

Sponsors

Sponsorship breakdown

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4 sponsors · 10 co-sponsors · 87 not signed on

Sponsors (4)

Co-sponsors (10)

Not signed on (87)

87 members have not signed on to this bill.

Show all 87 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety finance civil-rights
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 25-1329 do?
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.)
Who sponsors HB 25-1329?
HB 25-1329 is sponsored by Yara Zokaie (Democrat), Tammy Story (Democrat), Emily Sirota (Democrat), Manny Rutinel (Democrat), Naquetta Ricks (Democrat), L. García, Cecelia Espenoza (Democrat), Chad Clifford (Democrat), Jarvis Caldwell (Republican), Jennifer Bacon (Democrat), Julie Gonzales (Democrat), Lisa Frizell (Republican), Matt Soper (Republican), and Javier Mabrey (Democrat).
What is the current status of HB 25-1329?
This bill has been enacted into law. Introduced April 11, 2025. Enacted.
Where can I track HB 25-1329?
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