Increased Transparency and Ban on Foreign State Funding of US Lawsuits
This Act aims to increase transparency in US courts by requiring disclosure of who is funding litigation if the money comes from foreign sources. A key change is the complete prohibition of litigation funding by foreign states and sovereign wealth funds. Citizens can expect legal proceedings to be less susceptible to hidden foreign government influence, protecting the integrity of the legal system.
Key points
Mandatory Disclosure: Parties in civil actions must disclose to the court and the Attorney General if their litigation is funded by any foreign person or entity (individual, company, or fund).
Ban on State Funding: Foreign states and sovereign wealth funds are completely prohibited from funding litigation in the US.
Consequences: Funding agreements made in violation of this ban will be null and void, and failure to disclose information may lead to court sanctions.
Reporting: The Attorney General must annually report to Congress on the scope and sources of foreign litigation funding in federal courts.
Status:
Expired
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