This bill requires parties in federal civil lawsuits to disclose and report when foreign individuals, foreign governments, or foreign sovereign wealth funds are financially backing their litigation through third-party funding arrangements—situations where outside entities receive payments tied to a case's outcome. The legislation completely prohibits foreign governments and sovereign wealth funds from providing this type of litigation funding, making any such agreements void and unenforceable. Parties must disclose the names, addresses, and sources of all foreign funding within 30 days of signing a funding agreement or filing their case, submit copies of these agreements to the court and opposing parties, and certify under penalty of perjury where the money originates. Violations of disclosure requirements face the same sanctions as other civil procedure violations. Additionally, the Attorney General must report annually to Congress on foreign litigation funding activity in federal courts, including the identities of foreign funders, funding sources, amounts, affected judicial districts, and types of cases involved. The law applies to all federal civil cases pending or filed after its enactment.
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