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HR 906 115th Congress House

Furthering Asbestos Claim Transparency (FACT) Act of 2017

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: February 13, 2017 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 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 24, 2017
Placed on the Union Calendar, Calendar No. 6.
Feb 24, 2017
Reported by the Committee on Judiciary. H. Rept. 115-18.
Feb 15, 2017
Ordered to be Reported by the Yeas and Nays: 19 - 11.
Feb 15, 2017
Committee Consideration and Mark-up Session Held.
Feb 7, 2017
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Feb 7, 2017
Referred to the House Committee on the Judiciary.
Feb 7, 2017
Introduced in House
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 Latest action February 24, 2017

Placed on the Union Calendar, Calendar No. 6.

 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 2017

(Sec. 2) This bill amends federal bankruptcy law to establish disclosure requirements with respect to a trust that is formed under a reorganization plan, following the discharge in bankruptcy of a debtor corporation, for the purpose of assuming the debtor's liability regarding certain legal claims related to liability for asbestos exposure.

Such a trust must file with the bankruptcy court quarterly reports, available on the public docket, that describe each demand the trust has received from a claimant and the basis for any payment made to that claimant. These reports shall not include any confidential medical record or the claimant's full Social Security number.

Upon written request, and subject to payment for reasonable costs, a trust must provide information related to payment from, and demands for payment from, the trust to any party to an action concerning liability for asbestos exposure.

 Related & companion bills 1
  • HR 985 Related bill Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Republican 1
R
Sessions, Pete
Texas · Feb 14, 2017
SMITH, LAMAR
· Feb 13, 2017
GOODLATTE, ROBERT
· Feb 7, 2017
Marino, Tom
· Feb 7, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 906: Furthering Asbestos Claim Transparency (FACT) Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-906/
MLA
"H.R. 906: Furthering Asbestos Claim Transparency (FACT) Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-906/.
Bluebook (legal)
H.R. 906, 115th Cong. (2026), https://openamerica.io/bill/115-HR-906/.
Markdown link
[H.R. 906: Furthering Asbestos Claim Transparency (FACT) Act of 2017](https://openamerica.io/bill/115-HR-906/)
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