The Schuylkill Chamber of Commerce has joined the U.S. Chamber of Commerce's coalition that was sent to the Members of the U.S. House of Representatives in Support of H.R. 2675

The efforts are to support the advancement of H.R. 2675, the Protecting Our Courts from Foreign Manipulation Act ("POCFMA") out of the House. This commonsense and bipartisan bill would require disclosure of foreign-sourced litigation funding in federal courts, in addition to banning foreign governments from covertly funding lawsuits against American companies.

Third-party litigation funding (“TPLF”), the practice by which non-parties invest in lawsuits in exchange for a cut of the recovery, has been expanding exponentially. Over the past decade, the global TPLF market has grown to approximately $39 billion, with the U.S. segment now reportedly the world’s most active. Despite this dramatic growth, most U.S. judges, courts, and even litigants themselves remain unaware that TPLF is present in the cases in which they are involved or they oversee, because existing rules allow TPLF deals to be kept secret.

To read the full letter, click here.