ABSTRACT

H. Rept. 114-352: Furthering Asbestos Claim Transparency (FACT) Act of 2015, Report Together with Dissenting Views, To Accompany H.R. 526, Including Cost Estimate of the Congressional Budget Office, November 30, 2015   [open pdf - 382KB]

From "Purpose and Summary": "H.R. 526, the 'Furthering Asbestos Claim Transparency (FACT) Act of 2015,' or the 'FACT Act,' amends the Bankruptcy Code to require transparency from bankruptcy trusts formed to pay asbestos claims. Specifically, the FACT Act adds a paragraph to subsection (g) of section 524 of title 11 of the United States Code to require a trust established pursuant to that subsection to file, each quarter, a public report with the bankruptcy court listing the name and exposure history of those who have filed a claim with such trust and any payments made to claimants and the basis for such payments. It further requires each such trust to provide, upon written request, information related to payment from, and demands for payment from, such trust to any party in an action involving liability for asbestos exposure."

Report Number:H. Rept. 114-352; House Report 114-352
Publisher:United States. Government Publishing Office
Date:2015-11-30
Copyright:Public Domain
Retrieved From:Government Printing Office: http://www.gpo.gov/
Format:pdf
Media Type:application/pdf
URL:https://www.hsdl.org/?view&did=790954
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