3.0.0 2564 2023-01-11T13:39:59Z 2023-01-11T13:39:59Z Senate S 2018-03-15 115 ssju00 Judiciary Committee Senate Standing Referred to 2018-03-15T19:42:19Z 2018-03-15 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2018-03-15 Introduced in Senate IntroReferral 10000 9 Library of Congress T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland N C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2018-03-15 True G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2018-03-15 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2018-03-19 False C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2018-04-24 False F000444 Sen. Flake, Jeff [R-AZ] JEFF FLAKE R AZ 2018-06-19 False Finance and Financial Sector Alabama Bankruptcy Civil actions and liability Fraud offenses and financial crimes Government studies and investigations Hazardous wastes and toxic substances North Carolina Product safety and quality Finance and Financial Sector 00 2018-03-15 Introduced in Senate 2019-09-06T21:14:25Z Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency for Asbestos Victims Act of 2018 or the PROTECT Asbestos Victims Act of 2018

This bill modifies several aspects of the asbestos bankruptcy trust system. An asbestos bankruptcy trust is established when a company subject to asbestos-related liability files for bankruptcy under chapter 11 (reorganization).

Among other things, the bill does the following:

  • provides statutory authority for the U.S. Trustee Program within the Department of Justice to investigate the administration and operation of asbestos bankruptcy trusts; and
  • creates new criminal offenses for making a false representation to, or a false claim for payment by, an asbestos bankruptcy trust.
]]> PROTECT Asbestos Victims Act of 2018 Display Title PROTECT Asbestos Victims Act of 2018 Official Title as Introduced A bill to amend title 11, United States Code, to promote the investigation of fraudulent claims against certain trusts, to amend title 18, United States Code, to provide penalties against fraudulent claims against certain trusts, and for other purposes. Introduced in Senate IS Short Titles as Introduced PROTECT Asbestos Victims Act of 2018 Short Titles as Introduced Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency for Asbestos Victims Act of 2018 Introduced in Senate 2018-03-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2564is/xml/BILLS-115s2564is.xml 2018-03-15 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.