US Congress House Bill 526 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 26 2015 - 25% progression, died in chamber
Action: 2015-11-30 - Placed on the Union Calendar, Calendar No. 271.
Text: Latest bill text (Introduced) [PDF]

Furthering Asbestos Claim Transparency (FACT) Act of 2015 (Sec. 2) This bill 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. Such a trust shall 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). Such reports, upon written request, and subject to payment (demanded at the option of the trust) for any reasonable cost incurred by it, shall 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 2015

Rep. Blake Farenthold [R-TX]

Rep. Tom Marino [R-PA]

Rep. David Trott [R-MI]

Rep. Trent Franks [R-AZ]

Date	Chamber	Action
2015-11-30	House	Placed on the Union Calendar, Calendar No. 271.
2015-11-30	House	Reported by the Committee on Judiciary. H. Rept. 114-352.
2015-05-14	House	Ordered to be Reported by the Yeas and Nays: 19 - 9.
2015-05-14	House	Committee Consideration and Mark-up Session Held.
2015-05-13	House	Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
2015-03-17	House	Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
2015-01-26	House	Referred to the House Committee on the Judiciary.
2015-01-26	House	Introduced in House

SB357 (Related) 2016-02-03 - Committee on the Judiciary. Hearings held.
HB1927 (Related) 2016-01-11 - Received in the Senate and Read twice and referred to the Committee on the Judiciary.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/526/all-info
Text	https://www.congress.gov/114/bills/hr526/BILLS-114hr526ih.pdf
Text	https://www.congress.gov/114/bills/hr526/BILLS-114hr526rh.pdf