CONTACT YOUR U.S. SENATORS NOW

Big "I" Grassroots Alert:

Urge your Senators to include the TPLF Act (S.1821) –

a tax on third party litigation funders – in the

“One Big Beautiful Bill Act” that is being considered.

ACTION NEEDED:

Using the talking points below. Please call and email your Senators. For phone calls, you will be speaking with a front desk staffer. They will simply take down your name and concern and pass it along. You will not be having a policy conversation. We need to maximize the volume of calls and emails so please ask everyone to chip in – employees, family, friends, insureds, etc.

Senator McConnell / Phone: 202-224-2541 / Email: tiffany_ge@mcconnell.senate.gov

Senator Paul / Phone: 202-224-4343 / Email: john_maniscalco@paul.senate.gov

PHONE CALL TALKING POINTS: 

• Abuse of our legal system is one of the primary factors leading to the higher cost of insurance.
• Thankfully, the Senate has included a tax on third party litigation funders, also called TPLF, in the One Big Beautiful Bill Act that is now being considered.
• This will help stop these wealthy funders, particularly foreign funders, from preying on our U.S. court system.
• Please support including the TPLF Act (S.1821) in the tax package

SUGGESTED EMAIL TO SENATOR/STAFFER:

Thank you for your work on the One Big Beautiful Bill Act. The Senate has wisely included the Tackling Predatory Litigation Funding Act (S.1821) in the bill and I’m asking you to support and protect that provision. Third party litigation funders (TPLF), including many foreign entities, have been preying on the U.S. court system and generating handsome returns. Please side with Main Street America and the middle class, and do not side with wealthy litigation funders and the plaintiffs’ bar who continue to line their deep pockets.

TPLF TAX BACKGROUND INFORMATION:

Third-party litigation funding for profit is a new and novel practice; and perversely, our tax code has not only allowed but incentivized a torrent of foreign money (billions of dollars) to flood US courts with litigation. Today, foreign investors – including unsavory characters and sovereign wealth funds – pay to sue U.S. companies in U.S. courts and then avoid any U.S. tax obligation on their returns. But no matter foreign or domestic, the uninvolved funders of lawsuits do not need to receive better tax treatment than the victims in those lawsuits themselves. By ending the tax-free syphoning of billions of dollars out of the U.S. economy, it reduces the “tort tax” on the American consumers, who each pay thousands of dollars a year in increased costs due to the litigious environment in this country. If left unchecked, foreign litigation funders will continue to invest more and more money and receive enormous payouts from the U.S. court system and U.S. companies, entirely tax-free.

As always, thank you for your help!

Your grass-roots engagement is critical in maintaining strong government affairs work at the capital.