WASHINGTON — The U.S. Chamber of Commerce led a coalition of trade associations, chambers of commerce, and businesses today in urging the U.S. House of Representatives to pass H.R. 2675, the Protecting Our Courts from Foreign Manipulation Act (POCFMA). The bipartisan legislation would require disclosure of foreign-sourced third-party litigation funding (TPLF) in federal courts and prohibit foreign governments from covertly financing lawsuits against American companies.
TPLF, the practice of outside parties investing in lawsuits in exchange for a share of the settlement, has grown into an approximately $39 billion global market, with the U.S. now the most active segment. Despite this growth, existing rules allow most TPLF arrangements, including those involving foreign funders and even foreign adversaries, to remain hidden from judges, courts, and even the litigants themselves.
“It's time to lift the shadows from predatory foreign litigation funding,” said Stephen Waguespack, President of the U.S. Chamber Institute for Legal Reform (ILR). “When our adversaries are able to bankroll lawsuits without any oversight, it puts our nation's security and economy at risk. ILR will continue to advocate to get POCFMA signed into law.”
The coalition of nearly 200 trade associations is comprised of state and local chambers and other organizations across nearly all 50 states, representing everyone from small to global businesses, spanning sectors from agriculture to technology.
The bill was reported out of the House Judiciary Committee on November 20, 2025, and now awaits action on the House floor.
The full letter is available here.
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About the U.S. Chamber of Commerce
The U.S. Chamber of Commerce is the world’s largest business organization representing companies of all sizes across every sector of the economy. Our members range from the small businesses and local chambers of commerce that line the Main Streets of America to leading industry associations and large corporations. For more than 114 years, we have advocated for pro-business policies that help businesses create jobs and grow our economy.
