Bill No. 625 amends the Oklahoma Discovery Code to enhance transparency in commercial litigation funding by introducing new requirements for the disclosure of funding agreements. Under the bill, parties are required to produce commercial litigation funding agreements upon request, and such agreements cannot be used as evidence in court. Additionally, the bill mandates that a sworn affidavit must accompany the production of these agreements, certifying whether any funds are sourced from a foreign state or agency and whether the party is controlled by a foreign adversary. Notably, consumer litigation funding agreements are exempt from these new provisions.

The bill also establishes new guidelines for protective orders in civil litigation, requiring that any order removing material from the public record must include a justification, specific identification of the material, and stipulations for handling the protected material. It outlines the responsibilities of parties and their counsel regarding the management of documents produced under a protective order, including informing witnesses and promptly presenting the order to court clerks. Furthermore, the bill defines key terms related to commercial litigation funding and is set to take effect on November 1, 2025, following its passage in the Senate.