Increased Transparency for Foreign Funding in US Court Cases
New rules aim to increase transparency in court cases where foreign entities fund litigation. Citizens can be assured that the sources of litigation funding will be disclosed, protecting US courts from undue influence. The act mandates the disclosure of such information and prohibits funding by foreign states and sovereign wealth funds.
Key points
Mandatory disclosure of who and where litigation funding comes from if it's foreign-sourced.
Prohibition of litigation funding by foreign states and their sovereign wealth funds.
Non-compliance can lead to voided funding agreements and penalties.
The Department of Justice will regularly report to Congress on foreign litigation funding.
Status:
Introduced
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