Summary

Requires parties in federal civil cases to disclose any third-party funding that is tied to case outcomes when that funding is sourced from foreign persons, foreign states, or sovereign wealth funds. It also bars contingent-payment agreements that would be paid, directly or indirectly, with money from foreign states or sovereign wealth funds, requires production of related agreements, and makes false or late disclosures subject to discovery rules and sanctions. The Attorney General must produce an initial report within one year and then annual reports identifying foreign funders, affected judicial districts, estimated amounts by country, and case subject matter. The rules apply to actions pending on enactment as well as to cases filed after enactment.

• Parties and counsel in federal civil cases must disclose foreign third‑party litigation funding tied to case outcomes, with identifying information and supporting agreements.
• Disclosures must be made under penalty of perjury, based on reasonable inquiry, and supplemented within 30 days of discovering material inaccuracies.
• Any contingent‑payment agreement that would be paid, in whole or part, with funds from a foreign state or sovereign wealth fund is prohibited and void.
• Disclosures are treated as discovery required by Federal Rule of Civil Procedure 26(a) and subject to Rule 37 sanctions for noncompliance.
• The Attorney General must report annually (first report due within one year) on foreign third‑party litigation funding in federal courts, including funder identities and country‑by‑country estimates.
• The rules apply retroactively to cases pending on enactment as well as to cases filed afterward.
• Definitions include 'foreign person,' 'foreign state,' and 'sovereign wealth fund,' and cover indirect funding sources and majority‑owned subsidiaries.
• Parties must produce copies of contingent‑payment agreements to the court, all parties, and specified DOJ officials unless otherwise ordered.