3.0.0 357 2023-01-11T13:28:24Z 2023-01-11T13:28:24Z Senate S 2015-02-04 114 ssju00 Judiciary Committee Senate Standing Hearings by 2016-02-03T15:00:00Z Referred to 2015-02-04T15:42:42Z Furthering Asbestos Claim Transparency (FACT) Act of 2015 114 526 HR 2015-11-30 Placed on the Union Calendar, Calendar No. 271. Related bill CRS Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2016 114 1927 HR 2016-01-11 Received in the Senate and Read twice and referred to the Committee on the Judiciary. Related bill CRS 2016-02-03 ssju00 Judiciary Committee Senate Committee on the Judiciary. Hearings held. Committee 2015-02-04 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2015-02-04 Introduced in Senate IntroReferral 10000 9 Library of Congress F000444 Sen. Flake, Jeff [R-AZ] JEFF FLAKE R AZ N C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2015-02-04 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2015-07-09 False Finance and Financial Sector Bankruptcy Civil actions and liability Hazardous wastes and toxic substances Finance and Financial Sector 00 2015-02-04 Introduced in Senate 2015-02-19T22:23:42Z Furthering Asbestos Claim Transparency Act of 2015 or FACT Act

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.

]]> FACT Act 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 for other purposes. Introduced in Senate IS Short Titles as Introduced FACT Act Short Titles as Introduced Furthering Asbestos Claim Transparency Act of 2015 Introduced in Senate 2015-02-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s357is/xml/BILLS-114s357is.xml 2016-02-03 Committee on the Judiciary. Hearings held. 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.