H.R.982 - Furthering Asbestos Claim Transparency (FACT) Act of 2013

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 for other purposes. view all titles (4)

All Bill Titles

  • Short: Furthering Asbestos Claim Transparency (FACT) Act of 2013 as passed house.
  • Short: Furthering Asbestos Claim Transparency (FACT) Act of 2013 as reported to house.
  • Short: Furthering Asbestos Claim Transparency (FACT) Act of 2013 as introduced.
  • 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 for other purposes. as introduced.

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Introduced
 
House
Passed
 
Senate
Passes
 
President
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03/06/13
 
11/13/13
 
 
 
 
 

 

Latest Vote

Result: Passed - November 13, 2013

Roll call number 579 in the House

Question: On Passage: H R 982 Furthering Asbestos Claim Transparency (FACT) Act of 2013

 

Official Summary

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 recover

Official Summary

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.

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