1. Short title This Act may be cited as the Litigation Funding Transparency Act of 2018 . 2. Transparency and oversight of third-party litigation funding in class actions (a) In general Chapter 114 of title 28, United States Code, is amended by adding at the end the following: 1716. Third-party litigation funding disclosure (a) In general In any class action, class counsel shall— (1) disclose in writing to the court and all other named parties to the class action the identity of any commercial enterprise, other than a class member or class counsel of record, that has a right to receive payment that is contingent on the receipt of monetary relief in the class action by settlement, judgment, or otherwise; and (2) produce for inspection and copying, except as otherwise stipulated or ordered by the court, any agreement creating the contingent right. (b) Timing The disclosure required by subsection (a) shall be made not later than the later of— (1) 10 days after execution of any agreement described in subsection (a)(2); or (2) the time of service of the action. . (b) Technical and conforming amendment The table of sections for chapter 114 of title 28, United States Code, is amended by adding at the end the following: 1716. Third-party litigation funding disclosure. . 3. Transparency and oversight of third-party litigation funding in multidistrict litigation Section 1407 of title 28, United States Code, is amended— (1) by redesignating subsections (g) and (h) as subsections (h) and (i), respectively