ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 982, Furthering Asbestos Claim Transparency (FACT) Act of 2013   [open pdf - 15KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on the Judiciary on May 21, 2013. From the Document: "H.R. 982 would require trusts set up through a Chapter 11 bankruptcy reorganization caused by asbestos liabilities to submit quarterly reports to the bankruptcy court concerning the damage claims and payments made by the trust. Based on information provided by the Administrative Office of the U.S. Courts (AOUSC), CBO estimates that implementing H.R. 982 would have no significant impact on the federal budget because the AOUSC would incur only minor costs to make that information publicly available. Enacting H.R. 982 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply."

Publisher:
Date:
2013-06-07
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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