H.R. 982: Furthering Asbestos Claim Transparency (FACT) Act of 2013

Introduced:
Mar 06, 2013
Status:
Passed House
Prognosis
14% chance of being enacted
Track this bill
Sponsor
Blake Farenthold
Representative for Texas's 27th congressional district
Party
Republican
Text
Read Text »
Last Updated
Nov 14, 2013
Length
3 pages
Related Bills
H.Res. 403 (rule)

Agreed To (Simple Resolution)
Nov 13, 2013

 
Status

This bill passed in the House on November 13, 2013 and goes to the Senate next for consideration.

Progress
Introduced Mar 06, 2013
Referred to Committee Mar 06, 2013
Reported by Committee May 21, 2013
Passed House Nov 13, 2013
Passed Senate ...
Signed by the President ...
Prognosis

14% chance of being enacted.

Only about 23% of bills that made it past committee in 2011–2013 were enacted. [show factors | methodology]

 
Full Title

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.

Summary

No summaries available.

Votes
Nov 13, 2013 5:26 p.m.
Passed 221/199

Cosponsors
2 cosponsors (1D, 1R) (show)
Committees

House Judiciary

Regulatory Reform, Commercial, and Antitrust Law

Senate Judiciary

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


11/13/2013--Passed House amended.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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