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United States · Bill · HR

H.R. 526 (114th)

Furthering Asbestos Claim Transparency (FACT) Act of 2015

openUnited States· United States Congress· EN

Introduced

26 January 2015

Last action

30 November 2015 · Reported

Status

Placed on the Union Calendar, Calendar No. 271.

Sponsors

Rep. Farenthold, Blake [R-TX-27], Rep. Marino, Tom [R-PA-10], David Trott, Rep. Franks, Trent [R-AZ-8]

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Furthering Asbestos Claim Transparency (FACT) Act of 2015 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 26 January 2015

    Introduced

    Referred to the House Committee on the Judiciary.

    Source: IntroReferral

  2. 26 January 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 26 January 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 17 March 2015

    Referred

    Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

    Source: Committee

  5. 13 May 2015

    Committee

    Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.

    Source: Committee

  6. 14 May 2015

    Vote

    Ordered to be Reported by the Yeas and Nays: 19 - 9.

    Source: Committee

  7. 14 May 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  8. 30 November 2015

    Calendars

    Placed on the Union Calendar, Calendar No. 271.

    Source: Calendars

  9. 30 November 2015

    Reported

    Reported by the Committee on Judiciary. H. Rept. 114-352.

    Source: Committee

  10. 30 November 2015

    Reported

    Reported by the Committee on Judiciary. H. Rept. 114-352.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported in House (text)

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  • Reported in House (text)

    Reported in House · EN · 30 November 2015

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  • Reported in House (PDF)

    Reported in House · EN · 30 November 2015

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  • Reported to House without amendment

    summary · EN · 30 November 2015

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  • Introduced in House (text)

    Introduced in House · EN · 26 January 2015

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  • Introduced in House (PDF)

    Introduced in House · EN · 26 January 2015

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  • Introduced in House

    summary · EN · 26 January 2015

    Open at official source

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Sponsors

Related records

Sources

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