Furthering Asbestos Claim Transparency (FACT) Act of 2013

Summary

Furthering Asbestos Claim Transparency (FACT) Act of 2013 - 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.

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Documents

10 official files

• Referred in Senate (text)

  Referred in Senate · EN · 14 November 2013

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• Referred in Senate (PDF)

  Referred in Senate · EN · 14 November 2013

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• Engrossed in House (text)

  Engrossed in House · EN · 13 November 2013

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• Engrossed in House (PDF)

  Engrossed in House · EN · 13 November 2013

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• Passed House amended

  summary · EN · 13 November 2013

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• Reported in House (text)

  Reported in House · EN · 30 October 2013

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• Reported in House (PDF)

  Reported in House · EN · 30 October 2013

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• Introduced in House (text)

  Introduced in House · EN · 6 March 2013

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• Introduced in House (PDF)

  Introduced in House · EN · 6 March 2013

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• Introduced in House

  summary · EN · 6 March 2013

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