US Congress House Bill 906 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on February 7 2017 - 25% progression, died in chamber
Action: 2017-02-24 - Placed on the Union Calendar, Calendar No. 6.
Text: Latest bill text (Introduced) [PDF]

Furthering Asbestos Claim Transparency (FACT) Act of 2017 (Sec. 2) This bill amends federal bankruptcy law to establish disclosure requirements with respect to a trust that is formed under a reorganization plan, following the discharge in bankruptcy of a debtor corporation, for the purpose of assuming the debtor's liability regarding certain legal claims related to liability for asbestos exposure. Such a trust must file with the bankruptcy court quarterly reports, available on the public docket, that describe each demand the trust has received from a claimant and the basis for any payment made to that claimant. These reports shall not include any confidential medical record or the claimant's full Social Security number. Upon written request, and subject to payment for reasonable costs, a trust must provide information related to payment from, and demands for payment from, the trust to any party to an action concerning liability for asbestos exposure.

Furthering Asbestos Claim Transparency (FACT) Act of 2017

Rep. Blake Farenthold [R-TX]	Rep. Bob Goodlatte [R-VA]	Rep. Tom Marino [R-PA]	Rep. Lamar Smith [R-TX]
Rep. Pete Sessions [R-TX]

Date	Chamber	Action
2017-02-24	House	Placed on the Union Calendar, Calendar No. 6.
2017-02-24	House	Reported by the Committee on Judiciary. H. Rept. 115-18.
2017-02-15	House	Ordered to be Reported by the Yeas and Nays: 19 - 11.
2017-02-15	House	Committee Consideration and Mark-up Session Held.
2017-02-07	House	Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
2017-02-07	House	Referred to the House Committee on the Judiciary.
2017-02-07	House	Introduced in House

HB985 (Related) 2017-03-13 - Received in the Senate and Read twice and referred to the Committee on the Judiciary.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/906/all-info
Text	https://www.congress.gov/115/bills/hr906/BILLS-115hr906ih.pdf
Text	https://www.congress.gov/115/bills/hr906/BILLS-115hr906rh.pdf