US SB766 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on March 13 2019 - 25% progression, died in committee
Action: 2019-03-13 - Read twice and referred to the Committee on the Judiciary.
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 13 2019 - 25% progression, died in committee
Action: 2019-03-13 - Read twice and referred to the Committee on the Judiciary.
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies several aspects of the asbestos bankruptcy trust system. An asbestos bankruptcy trust is established when a company subject to asbestos-related liability files for bankruptcy under chapter 11. Among other things, the bill provides statutory authority for the U.S. Trustee Program within the Department of Justice to investigate the administration and operation of asbestos bankruptcy trusts; and creates new criminal offenses for making a false representation to, or a false claim for payment by, an asbestos bankruptcy trust.
Title
PROTECT Asbestos Victims Act of 2019 Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency for Asbestos Victims Act of 2019
Sponsors
Sen. Thom Tillis [R-NC] | Sen. Chuck Grassley [R-IA] | Sen. John Cornyn [R-TX] | Sen. Mike Crapo [R-ID] |
History
Date | Chamber | Action |
---|---|---|
2019-03-13 | Senate | Read twice and referred to the Committee on the Judiciary. |
Subjects
Alabama
Bankruptcy
Civil actions and liability
Finance and financial sector
Fraud offenses and financial crimes
Government studies and investigations
Hazardous wastes and toxic substances
North Carolina
Product safety and quality
Bankruptcy
Civil actions and liability
Finance and financial sector
Fraud offenses and financial crimes
Government studies and investigations
Hazardous wastes and toxic substances
North Carolina
Product safety and quality
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/766/all-info |
Text | https://www.congress.gov/116/bills/s766/BILLS-116s766is.pdf |