Bill No. 625 amends the Oklahoma Discovery Code to enhance the regulation and transparency of commercial litigation funding agreements. It requires parties to produce these agreements upon request and establishes that related information is inadmissible as evidence in court. Additionally, the bill mandates the inclusion of a sworn affidavit certifying the source of funds, particularly if they originate from foreign states or agencies, and whether the party is controlled by a foreign adversary. This certification must be updated with any material changes. Notably, consumer litigation funding agreements are exempt from these new requirements.

The bill also introduces provisions regarding protective orders in civil litigation, emphasizing the need for confidentiality of certain discovery materials. It requires protective orders to include justifications for confidentiality, specific identification of protected materials, and guidelines for handling such materials, including sealing them in marked envelopes. Furthermore, the bill establishes definitions for key terms related to commercial litigation funding, ensuring clarity in the legal framework. The effective date for the bill is set for November 1, 2025, following its passage in the Senate.