US Congress House Bill 982

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May 21 2013 - Ordered to be Reported by the Yeas and Nays: 17 - 14.
Text: Latest bill text (Introduced) [PDF]

Furthering Asbestos Claim Transparency (FACT) Act of 2013 - Amends federal bankruptcy law concerning a trust formed under a reorganization plan following the discharge in bankruptcy of a debtor corporation in order to assume the debtor's liability with respect to claims seeking recovery for personal injury, wrongful death, or property damage allegedly caused by the presence of, or exposure to, asbestos or asbestos-containing products. Requires such a trust to file with the bankruptcy court quarterly reports, available on the public docket, which describe each demand the trust has received from a claimant and the basis for any payment made to that claimant (excluding any confidential medical record or the claimant's full Social Security number). Requires such reports, upon written request, and subject to payment (demanded at the option of the trust) for any reasonable cost incurred by it, to provide any information related to payment from, and demands for payment from, the trust to any party to any action in law or equity concerning liability for asbestos exposure.

Furthering Asbestos Claim Transparency (FACT) Act of 2013

Rep Farenthold, Blake

Rep Chabot, Steve

Rep Matheson, Jim

Date	Chamber	Action
2013-05-21	House	Ordered to be Reported by the Yeas and Nays: 17 - 14.
2013-05-21	House	Committee Consideration and Mark-up Session Held.
2013-05-20	House	Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
2013-04-08	House	Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
2013-03-06	House	Referred to the House Committee on the Judiciary.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d113:HN00982:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-113hr982ih/pdf/BILLS-113hr982ih.pdf