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HR 526 114th Congress House

Furthering Asbestos Claim Transparency (FACT) Act of 2015

Official 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 tha… Show full official titleShow less

Official 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.

Introduced: January 26, 2015 See on congress.gov
Finance and Financial Sector BankruptcyCivil actions and liabilityHazardous wastes and toxic substances
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 30, 2015
Placed on the Union Calendar, Calendar No. 271.
Nov 30, 2015
Reported by the Committee on Judiciary. H. Rept. 114-352.
May 14, 2015
Ordered to be Reported by the Yeas and Nays: 19 - 9.
May 14, 2015
Committee Consideration and Mark-up Session Held.
May 13, 2015
Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
Mar 17, 2015
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Jan 26, 2015
Referred to the House Committee on the Judiciary.
Jan 26, 2015
Introduced in House
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 Latest action November 30, 2015

Placed on the Union Calendar, Calendar No. 271.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Furthering Asbestos Claim Transparency (FACT) Act of 2015

(Sec. 2) This bill 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.

Such a trust shall 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).

Such reports, upon written request, and subject to payment (demanded at the option of the trust) for any reasonable cost incurred by it, shall 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.

 Related & companion bills 3
  • S 357 Related bill FACT Act
  • HR 1927 Related bill Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2016
  • HR 906 Reintroduced Bill Furthering Asbestos Claim Transparency (FACT) Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 526: Furthering Asbestos Claim Transparency (FACT) Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-526/
MLA
"H.R. 526: Furthering Asbestos Claim Transparency (FACT) Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-526/.
Bluebook (legal)
H.R. 526, 114th Cong. (2026), https://openamerica.io/bill/114-HR-526/.
Markdown link
[H.R. 526: Furthering Asbestos Claim Transparency (FACT) Act of 2015](https://openamerica.io/bill/114-HR-526/)
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