This bill establishes the New Hampshire Third-Party Litigation Funding Transparency Act, which prohibits foreign adversary persons or foreign entities of concern from financing lawsuits and restricts foreign principals from registering as lobbyists. It introduces new definitions related to commercial litigation financing, including terms such as "commercial litigation financier," "consumer legal funding agreement," and "foreign entity of concern." The bill mandates that any commercial litigation financing agreement involving a foreign entity of concern is prohibited, and it requires disclosures for lobbyists representing foreign principals, including the identification of the foreign country of concern.

Additionally, the bill amends existing laws regarding lobbyist registration and reporting. It requires lobbyists to disclose if their client is a foreign principal and to provide the name of the relevant foreign country of concern. The amendments also stipulate that foreign principals are not allowed to register as lobbyists in New Hampshire. The effective date for the provisions of this act is set for January 1, 2027, with specific sections taking effect at 12:01 a.m. on that date.

Statutes affected:
As Amended by the Senate: 15:1, 15:6
Version adopted by both bodies: 15:1, 15:6
CHAPTERED FINAL VERSION: 15:1, 15:6