S 2564
115th Congress
Senate
Finance and Financial Sector
Alabama
Bankruptcy
Civil actions and liability
Fraud offenses and financial crimes
Government studies and investigations
Hazardous wastes and toxic substances
North Carolina
Product safety and quality
PROTECT Asbestos Victims Act of 2018
Introduced: March 15, 2018
Introduced by:
Tillis, Thomas
Republican
· North Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 15, 2018
Read twice and referred to the Committee on the Judiciary.
Mar 15, 2018
Introduced in Senate
Plain-English summary
Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency for Asbestos Victims Act of 2018 or the PROTECT Asbestos Victims Act of 2018
This bill modifies several aspects of the asbestos bankruptcy trust system. An asbestos bankruptcy trust is established when a company subject to asbestos-related liability files for bankruptcy under chapter 11 (reorganization).
Among other things, the bill does the following:
- provides statutory authority for the U.S. Trustee Program within the Department of Justice to investigate the administration and operation of asbestos bankruptcy trusts; and
- creates new criminal offenses for making a false representation to, or a false claim for payment by, an asbestos bankruptcy trust.
What's happening now
Read twice and referred to the Committee on the Judiciary.
Committees of jurisdiction
1