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S 574 117th 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 2021

Introduced: March 3, 2021 Introduced by: Tillis, Thomas Republican · North Carolina See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2021
Read twice and referred to the Committee on the Judiciary.
Mar 3, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency for Asbestos Victims Act of 2021 or the PROTECT Asbestos Victims Act of 2021

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.

The bill allows the U.S. Trustee Program within the Department of Justice to investigate the administration and operation of asbestos bankruptcy trusts. Additionally, it creates new criminal offenses for making a false representation to, or a false claim for payment by, an asbestos bankruptcy trust.

Finally, an administrator of an asbestos bankruptcy trusts must report any Medicare benefits entitled to a claimant to the Centers for Medicare & Medicaid Services.

What's happening now March 3, 2021

Read twice and referred to the Committee on the Judiciary.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Cornyn, John
Texas · Mar 3, 2021
 R
Grassley, Chuck
Iowa · Mar 3, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 574: PROTECT Asbestos Victims Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-574/
MLA
"S. 574: PROTECT Asbestos Victims Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-574/.
Bluebook (legal)
S. 574, 117th Cong. (2026), https://openamerica.io/bill/117-S-574/.
Markdown link
[S. 574: PROTECT Asbestos Victims Act of 2021](https://openamerica.io/bill/117-S-574/)
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