Texas SB1200 mandates disclosure of financial ties to sanctioned nations in civil actions against U.S. defense contractors.

Texas SB1200 amends the Civil Practice and Remedies Code to require claimants in civil actions against U.S. defense contractors to disclose any financial support from sanctioned or embargoed nations. This includes initial and ongoing disclosures under oath. The court cannot limit these disclosures, and failure to comply can result in the case being stayed or dismissed. The Act applies to pending and future cases and takes effect immediately if approved by a two-thirds vote, otherwise on September 1, 2025.

Texas SB1200 mandates disclosure of financial ties to sanctioned nations in civil actions against U.S. defense contractors.

Texas SB1200 amends the Civil Practice and Remedies Code to require claimants in civil actions against U.S. defense contractors to disclose any financial support from sanctioned or embargoed nations. This includes initial and ongoing disclosures under oath. The court cannot limit these disclosures, and failure to comply can result in the case being stayed or dismissed. The Act applies to pending and future cases and takes effect immediately if approved by a two-thirds vote, otherwise on September 1, 2025.