HR 4696
107th Congress
House
Finance and Financial Sector
Asbestosis
Bankruptcy
Cancer
Claims
Commerce
Corporate reorganizations
Debtor and creditor
Environmental Protection
Families
Health
Labor and Employment
Law
Respiratory diseases
Stress (Psychology)
Survivors' benefits
Trusts and trustees
To amend title 11 of the United States Code with respect to the allowance of certain claims or interests.
Introduced: May 9, 2002
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 18, 2002
Referred to the Subcommittee on Commercial and Administrative Law.
May 9, 2002
Referred to the House Committee on the Judiciary.
May 9, 2002
Introduced in House
Plain-English summary
Amends Federal bankruptcy law to disallow a claim to which an objection has been raised to the extent that it is a nonmalignant asbestos related claim (including a claim for pleural plaques, asymptomatic pleural thickening, asbestosis, fear of cancer, emotional distress, and medical surveillance).
Allows a nonmalignant asbestos related claim, however, for: (1) permanent breathing impairment; or (2) a survivor claim where the decedent's death was caused by exposure to asbestos or asbestos-containing products.
States that when and if a person develops a subsequent asbestos related claim that is allowable, then a previously disallowed claim may proceed as an allowable demand against either the reorganized debtor, or against a trust set up as part of a reorganization case for holders of allowable asbestos related claims and asbestos related demands.
What's happening now
Referred to the Subcommittee on Commercial and Administrative Law.
Committees of jurisdiction
2