SB 175 creates a new chapter of state law to regulate litigation financing—agreements where outside companies provide money to consumers pursuing lawsuits in exchange for a share of any settlement or judgment. The law defines key terms like "consumer," "litigation finance entity," and importantly establishes protections against foreign entities of concern (including those linked to adversarial nations or terrorist organizations) from participating in South Dakota litigation financing.
This bill does not directly amend codified state law.
House of Representatives Do Pass Amended Failed, YEAS 30, NAYS 40. H.J. 463
Judiciary Do Pass Amended Passed, YEAS 8, NAYS 4.
Judiciary Motion to amend
Judiciary Scheduled for hearing
First read in House and referred to House Judiciary H.J. 360
Senate Do Pass Amended Passed, YEAS 35, NAYS 0. S.J. 324
Senate Motion to amend S.J. 323
Senate Deferred to another day S.J. 296
Judiciary Do Pass Amended Passed, YEAS 7, NAYS 0.
Judiciary Motion to amend
Judiciary Scheduled for hearing
Judiciary Scheduled for hearing
Senate Referred to Senate Judiciary S.J. 152
First Reading Senate S.J. 137
David Wheeler
Prime sponsor · Sen
R
Dist. SD-022
Prime sponsor · Rep
R
Dist. HD-005
Do Pass Amended
Judiciary — Do Pass Amended
Do Pass Amended
Judiciary — Do Pass Amended