PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 271.
Congressional Research Service
Version 79 · Reported to House without amendment · Nov 30, 2015
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
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.
Showing the opening paragraphs of the official summary.
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.
People & committees
Rep. Farenthold, Blake [R-TX-27] · R–TX
Legislative record
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Placed on the Union Calendar, Calendar No. 271.
Reported by the Committee on Judiciary. H. Rept. 114-352.
Reported by the Committee on Judiciary. H. Rept. 114-352.
Ordered to be Reported by the Yeas and Nays: 19 - 9.
Committee Consideration and Mark-up Session Held.
Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Referred to the House Committee on the Judiciary.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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