H.R.4369 - Furthering Asbestos Claim Transparency (FACT) Act of 2012

To amend title 11 of the United States Code to require the public disclosure by trusts established under section 524(g) of such title, of quarterly reports that contain detailed information regarding the receipt and disposition of claims for injuries based on exposure to asbestos, and the filing of such reports with the Executive Office for United States Trustees. view all titles (3)

All Bill Titles

Short: Furthering Asbestos Claim Transparency (FACT) Act of 2012 as reported to house.
Official: To amend title 11 of the United States Code to require the public disclosure by trusts established under section 524(g) of such title, of quarterly reports that contain detailed information regarding the receipt and disposition of claims for injuries based on exposure to asbestos, and the filing of such reports with the Executive Office for United States Trustees. as introduced.
Short: Furthering Asbestos Claim Transparency (FACT) Act of 2012 as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill's Views

Today: 9
Past Seven Days: 26
All-Time: 1,547

Introduced

House
Passes

Senate
Passes

President
Signs

04/16/12

Official Bill Text Comment on about 4 Pages

Sponsor

Ben Quayle

R-

View Co-Sponsors (5)

Committees

Related Issue Areas

Data via Congressional Research Service View all Issues (2 more)Hide Issues

Official Summary

9/21/2012--Reported to House amended. Furthering Asbestos Claim Transparency (FACT) Act of 2012 - Amends federal bankruptcy law concerning a trust formed under a plan of reorganization 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 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 reasonable costs, 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 if the subject concerns liability for asbestos exposure.

...Read the Rest