Increased Transparency and Ban on Foreign Government Funding of US Lawsuits.
This law requires parties in federal civil lawsuits to disclose the identity of any foreign entity funding the litigation in exchange for a share of the outcome. The goal is to protect US courts from foreign influence. Crucially, the law completely bans foreign governments and their sovereign wealth funds from funding US litigation.
Key points
Parties must disclose to the court and the Attorney General the names and details of any foreign person or entity providing litigation funding contingent on the case outcome.
Foreign states and sovereign wealth funds are strictly prohibited from providing third-party funding for civil lawsuits in US federal courts.
Failure to provide required disclosure about foreign funding sources can lead to court penalties and sanctions.
Introduced
Citizen Poll