In what can be described as political self-immolation, Sen. Thom Tillis (R-NC) has introduced legislation that undermines a critical tool in our fight against woke capitalism and one of the few tools the average American consumer has to fight back against corporate goliaths. Tillis’ proposal to hogtie third-party litigation funding threatens to weaken the mechanisms we rely on to hold corporations accountable when they prioritize political and financial agendas over consumer interests.

Third-party litigation financing is a contract in which a third-party offers funding for a lawsuit in exchange for an interest in damages recovered. Without it, large corporations have the ability to crush opposition with high-priced lawyers and never-ending legal fees. But with litigation financing, everyday Americans can access the financial capital they need just to have a chance to fight back against companies that have increasingly participated in DEI-related discrimination, debanking and other aspects of the far-Left’s woke agenda.

While Sen. Tillis presents his bill unassumingly as a “tax,” in truth, it would impose a 41% punitive levy on all litigation financing, with the clear intent of financially disincentivizing investors from supporting lawsuits. If passed, the legislation would further empower large, woke corporations like Bank of America, which has been accused of debanking the accounts of Christian activist groups and conservatives; and Nationwide, which threatened ligation after it was called out for attempting to rebrand its continuing DEI policies under the banner of “belonging.”

But it doesn’t stop with the woke agenda. Large companies would love nothing more than to free themselves from the accountability that comes with litigation financing. For example, the notoriously woke ridesharing platform Uber has faced class action lawsuits from 

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