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OK SB625

Bill

Status

Engrossed

3/25/2025

Primary Sponsor

Brent Howard

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Requires parties in civil litigation to produce commercial litigation funding agreements upon request, where a third-party funder receives compensation contingent on case proceeds from settlement or judgment

  • Mandates sworn affidavit certification disclosing whether funding originates from a foreign state or agency as defined under 28 U.S.C. Section 1603, with the foreign source identity required if applicable

  • Requires additional certification identifying whether a party is controlled by a foreign adversary (nations listed in 10 U.S.C. Section 4872(d)(2)) and whether such entities will access non-public litigation documents

  • Exempts consumer litigation funding agreements (as defined in Title 14A, Section 3-801) from disclosure requirements

  • Information from disclosed commercial litigation funding agreements is not admissible as evidence at trial; effective date November 1, 2025

Legislative Description

Oklahoma Discovery Code; requiring production of commercial litigation funding agreement upon request; prohibiting admissibility of certain information as evidence. Effective date.

Last Action

Referred to Civil Judiciary

4/1/2025

Committee Referrals

Civil Judiciary4/1/2025
Judiciary and Public Safety Oversight4/1/2025
Judiciary2/4/2025

Full Bill Text

No bill text available