[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4369 Reported in House (RH)]

                                                 Union Calendar No. 498
112th CONGRESS
  2d Session
                                H. R. 4369

                          [Report No. 112-687]

   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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 17, 2012

    Mr. Quayle (for himself, Mr. Matheson, and Mr. Ross of Florida) 
 introduced the following bill; which was referred to the Committee on 
                             the Judiciary

                           September 21, 2012

Additional sponsors: Mr. Goodlatte, Mr. Sensenbrenner, and Mr. Griffin 
                              of Arkansas

                           September 21, 2012

Reported with amendments, committed to the Committee of the Whole House 
          on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
 [For text of introduced bill, see copy of bill as introduced on April 
                               17, 2012]


_______________________________________________________________________

                                 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.


 


    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Furthering Asbestos Claim 
Transparency (FACT) Act of 2012''.

SEC. 2. AMENDMENTS.

    Section 524(g) of title 11, United States Code, is amended by 
adding at the end the following:
    ``(8) A trust described in paragraph (2) shall, subject to section 
107--
            ``(A) file with the bankruptcy court, not later than 60 
        days after the end of every quarter, a report that shall be 
        made available on the court's public docket and with respect to 
        such quarter--
                    ``(i) describes each demand the trust received 
                from, including the name and exposure history of, a 
                claimant and the basis for any payment from the trust 
                made to such claimant; and
                    ``(ii) does not include any confidential medical 
                record or the claimant's full social security number; 
                and
            ``(B) upon written request, and subject to payment 
        (demanded at the option of the trust) for any reasonable cost 
        incurred by the trust to comply with such request, provide in a 
        timely manner any information related to payment from, and 
        demands for payment from, such trust, subject to appropriate 
        protective orders, to any party to any action in law or equity 
        if the subject of such action concerns liability for asbestos 
        exposure.''.

SEC. 3. EFFECTIVE DATE; APPLICATION OF AMENDMENTS.

    (a) Effective Date.--Except as provided in subsection (b), this Act 
and the amendments made by this Act shall take effect on the date of 
the enactment of this Act.
    (b) Application of Amendments.--The amendments made by this Act 
shall apply with respect to cases commenced under title 11 of the 
United States Code before, on, or after the date of the enactment of 
this Act.
            Amend the title so as to read: ``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.''.
                                                 Union Calendar No. 498

112th CONGRESS

  2d Session

                               H. R. 4369

                          [Report No. 112-687]

_______________________________________________________________________

                                 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.

_______________________________________________________________________

                           September 21, 2012

Reported with amendments, committed to the Committee of the Whole House 
          on the State of the Union, and ordered to be printed