3.0.0 3076 2019-02-20T23:32:05Z 2019-02-24T04:16:54Z Senate S S 2012-05-10 112 ssju00 Judiciary Committee Senate Standing Referred to 2012-05-10T13:51:42Z Furthering Asbestos Claim Transparency (FACT) Act of 2012 112 4369 HR 2012-09-21 Placed on the Union Calendar, Calendar No. 498. Related bill CRS 2012-05-10 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2012-05-10 Introduced in Senate IntroReferral 10000 9 Library of Congress C000560 Sen. Coburn, Tom [R-OK] TOM COBURN R OK N Finance and Financial Sector Bankruptcy Civil actions and liability Hazardous wastes and toxic substances Finance and Financial Sector 00 2012-05-10 Introduced in Senate 2012-07-23T21:25:44Z Furthering Asbestos Claim Transparency Act of 2012 or FACT Act - 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 a trust to file with the bankruptcy court and the U.S. Trustee 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 also to provide any information relating 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.

]]> FACT Act Short Titles as Introduced FACT Act Short Titles as Introduced Furthering Asbestos Claim Transparency Act of 2012 Display Title FACT Act Official Title as Introduced A bill 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. Introduced in Senate 2012-05-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3076is/xml/BILLS-112s3076is.xml 2012-05-10 Read twice and referred to the Committee on the Judiciary. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.