Politics.AIAssembly BillPassed first houseFinancial
AB 743: California Financing Law: lawsuit financiers.
What AB 743 does, verified December 7, 2025
The bill aims to regulate the business of lawsuit financing in California. It prohibits individuals or companies from engaging in lawsuit financing without obtaining a license from the commissioner of financial protection and innovation. A licensee who offers or sells commercial loans, including those financed through lawsuits, must maintain a surety bond. The bill includes lawsuit financing in the definition of commercial loan and subjects licensees who engage in willful violations of the law to a civil penalty.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: In committee: Set, first hearing. Hearing canceled at the request of author. (2025-06-02)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $15/moUnlockRecent actions19 total · showing 5
| Jul. 01, 2025 | In committee: Set, first hearing. Hearing canceled at the request of author. |
| Jun. 11, 2025 | Referred to Coms. on B. & F.I. and JUD. |
| Jun. 03, 2025 | In Senate. Read first time. To Com. on RLS. for assignment. |
| Jun. 02, 2025 | Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1850.) |
| Jun. 02, 2025 | Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0.) |