This bill requires parties in federal civil lawsuits to disclose to the court, other parties, and the Department of Justice when foreign individuals, foreign governments, or foreign sovereign wealth funds have financial interests in the outcome of the case through third-party litigation funding agreements. Parties must provide the names, addresses, and countries of origin of foreign funders and submit copies of funding agreements within 30 days of executing them or filing the lawsuit, whichever is later. The bill completely prohibits foreign governments and foreign sovereign wealth funds from providing litigation funding, making any such agreements null and void, though it allows funding from foreign individuals with proper disclosure. Violations of disclosure requirements are treated as violations of civil procedure rules and subject to court sanctions. The Attorney General must report annually to Congress on foreign litigation funding activities in federal courts, including the identities of foreign funders, amounts involved, and the types of cases affected. The law applies to all civil cases filed or pending after its enactment.
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