This bill requires parties in federal civil lawsuits to disclose the identity of any third parties who have a financial stake in the case's outcome, such as litigation funders who receive a portion of any settlement or judgment. Parties must reveal these agreements to the court and opposing counsel, though the legislation includes exceptions for standard bank loans, attorney fee reimbursements, and grants. The disclosure must occur within 10 days of signing the funding agreement or at the time of standard discovery disclosures, whichever is later. The bill applies to all civil cases filed after its enactment and aims to increase transparency by preventing hidden financial interests from influencing litigation without other parties' knowledge.
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