Senate Bill No. 1200 introduces a new chapter to the Civil Practice and Remedies Code, specifically addressing the disclosure of financial relationships in civil actions involving United States defense contractors. The bill defines key terms such as "defense contractor" and "sanctioned or embargoed nation," and establishes that claimants in civil actions must disclose any funding or financial support received from entities affiliated with sanctioned nations. This includes a requirement for ongoing disclosures throughout the duration of the legal action, with specific timelines for reporting any new funding sources.

Additionally, the bill prohibits the withholding of required disclosures under any claims of privilege or confidentiality, ensuring that courts cannot limit the disclosure of proprietary information related to funding. If a claimant fails to comply with these disclosure requirements, the court has the authority to impose sanctions, including staying the proceedings or dismissing the action with prejudice for willful noncompliance. The provisions of this chapter will apply to actions pending in trial courts on the effective date of the Act or filed thereafter.

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