summary
Introduced
03/06/2013
03/06/2013
In Committee
05/21/2013
05/21/2013
Crossed Over
11/14/2013
11/14/2013
Passed
Dead
01/03/2015
01/03/2015
Introduced Session
113th Congress
Bill 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.
Committee Categories
Justice
Sponsors (3)
Last Action
Received in the Senate and Read twice and referred to the Committee on the Judiciary. (on 11/14/2013)
Official Document
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bill summary
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bill summary
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