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Law and JusticeH.R. 2675Not Yet VotedComments

Protecting Our Courts from Foreign Manipulation Act

Official title: To amend chapter 111 of title 28, United States Code, to increase transparency and oversight of third-party funding by foreign persons, to prohibit third-party funding by foreign states and sovereign wealth funds, and for other purposes.

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What Happened in Congress?

Pending

Not yet voted on the floor.

Where the Bill Stands

  1. Introduced, done
  2. Committee, done
  3. Floor Vote, current stage
  4. Outcome, not yet

What This Bill Does

This bill limits third-party financing of civil litigation by foreign entities in federal courts and establishes related disclosure requirements.

The bill makes it unlawful for a foreign state or sovereign wealth fund to provide any monetary support for a civil action in which it is not a named party. The bill also makes it unlawful for any party or counsel to receive monetary support for civil litigation from a foreign state or sovereign wealth fund that is not a party.

The bill also prohibits third-party litigation funding agreements involving money from a foreign state or sovereign wealth fund in which someone other than named parties or counsel of record receives a payment that is contingent on the outcome or proceeds from the civil action or from any matter within a portfolio that includes the civil action.

The bill requires any party or counsel in a civil action to disclose the name of any foreign person, state, or sovereign wealth fund that has agreed to provide monetary support for the civil action, has a right to receive a payment contingent upon the outcome of the civil action, or has the right to receive payment that is contingent on proceeds from any matter within a portfolio that includes the civil action.

The bill also requires parties to produce the agreement creating a contingent right to payment.

These requirements apply to claims that are pending on or commenced after this bill's date of enactment.

Sponsors

Related Documents

Timeline

  1. House floor actionsReported (Amended) by the Committee on Judiciary. H. Rept. 119-700.
  2. House committee actionsCommittee Consideration and Mark-up Session Held
  3. House committee actionsCommittee Consideration and Mark-up Session Held
  4. Library of CongressIntroduced in House
  5. House floor actionsReferred to the House Committee on the Judiciary.
  6. Introduced
  7. Committee

Comments

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