Third-party litigation funding (TPLF) allows outside investors to fund lawsuits in exchange for a share of the payout, a practice that raises serious issues.
The current U.S. tax code allows foreign actors to use TPLF to reap massive profit off Americans tax-free.
TPLF incentivizes foreign investors to exploit the U.S. court system, which U.S. families pay for in the form of a "tort tax."
Foreign entities drain billions of dollars from the U.S. economy, diverting funds from American innovation and job creation.
Congressional Republicans are working to close this tax loophole to stop foreign agents from operating in the shadows and exploiting the U.S. justice system. It's time to protect working families, lower litigation-driven costs for consumers, and deliver a win for America.
