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Bill

LB 1153

Change provisions relating to recovery under the Consumer Protection Act, provide a termination date for the State Settlement Cash Fund and for distribution of money in the fund, and change provisions relating to the State Settlement Trust Fund

109th Legislature (2025-2026) Introduced by Danielle Conrad

Bill restructures Nebraska's consumer settlement fund management by setting termination dates and changing how accumulated settlement money is distributed statewide.

Notice of hearing for February 05, 2026
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WeVote Research Nonpartisan
Bill Summary · LB 1153

Legislative bill overview

LB 1153 modifies Nebraska's Consumer Protection Act recovery provisions and establishes termination dates and distribution procedures for the State Settlement Cash Fund and State Settlement Trust Fund. The bill addresses how settlement money from consumer protection cases is managed and eventually distributed to the state.

Why is this important

These funds accumulate from legal settlements in consumer protection cases, potentially representing millions of dollars. How and when this money is distributed affects state budgets, consumer restitution programs, and the incentives for enforcing consumer protection laws.

Potential points of contention

  • Fund termination mechanics: Questions about whether existing settlement agreements will be honored or modified when funds terminate, and what happens to pending claims
  • Distribution priorities: Disagreement over whether money should go to general state revenue, consumer restitution programs, or specific agencies involved in enforcement
  • Timeline concerns: Whether the termination date allows sufficient time for legitimate settlement claims or unreasonably pressures claimants

Compiled from official sources — confirm details with the bill’s official record.

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