IB 

Union Calendar No. 498 

112TH CONGRESS 

2D SESSION H. R. 4369 

[Report No. 112–687] 

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 the 

filing of such reports with the Executive Office for United States Trustees. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 17, 2012 

Mr. QUAYLE (for himself, Mr. MATHESON, and Mr. ROSS of Florida) introduced the following bill; which was referred to the Committee on the Judiciary 

SEPTEMBER 21, 2012 

Additional sponsors: Mr. GOODLATTE, Mr. SENSENBRENNER, and Mr. 

GRIFFIN of Arkansas 

SEPTEMBER 21, 2012 

Reported with amendments, committed to the Committee of the Whole House 

on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on April 17, 2012] 

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•HR 4369 RH

A BILL 

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 the filing of such reports with the Executive Office 

for United States Trustees. 

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•HR 4369 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Furthering Asbestos 

5 Claim Transparency (FACT) Act of 2012’’. 

6 SEC. 2. AMENDMENTS. 

7 Section 524(g) of title 11, United States Code, is 

8 amended by adding at the end the following: 

9 ‘‘(8) A trust described in paragraph (2) shall, subject 

10 to section 107— 

11 ‘‘(A) file with the bankruptcy court, not later 

12 than 60 days after the end of every quarter, a report 

13 that shall be made available on the court’s public 

14 docket and with respect to such quarter— 

15 ‘‘(i) describes each demand the trust re16 ceived from, including the name and exposure 

17 history of, a claimant and the basis for any pay18 ment from the trust made to such claimant; and 

19 ‘‘(ii) does not include any confidential med20 ical record or the claimant’s full social security 

21 number; and 

22 ‘‘(B) upon written request, and subject to pay23 ment (demanded at the option of the trust) for any 

24 reasonable cost incurred by the trust to comply with 

25 such request, provide in a timely manner any informstockstill on DSK4VPTVN1PROD with BILLS

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•HR 4369 RH

1 mation related to payment from, and demands for 

2 payment from, such trust, subject to appropriate pro3 tective orders, to any party to any action in law or 

4 equity if the subject of such action concerns liability 

5 for asbestos exposure.’’. 

6 SEC. 3. EFFECTIVE DATE; APPLICATION OF AMENDMENTS. 

7 (a) EFFECTIVE DATE.—Except as provided in sub8 section (b), this Act and the amendments made by this Act 

9 shall take effect on the date of the enactment of this Act. 

10 (b) APPLICATION OF AMENDMENTS.—The amendments 

11 made by this Act shall apply with respect to cases com12 menced under title 11 of the United States Code before, on, 

13 or after the date of the enactment of this Act. 

Amend the title so as to read: ‘‘A bill 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.’’. 

mstockstill on DSK4VPTVN1PROD with BILLS

mstockstill on DSK4VPTVN1PROD with BILLS

Union Calendar No. 498 

112TH CONGRESS 

2D SESSION H. R. 4369 

[Report No. 112–687] 

A BILL 

To amend title 11 of the United States Code to reUnited States Trustees. of such reports with the Executive Office for ries based on exposure to asbestos, and the filing ing the receipt and disposition of claims for inju- reports that contain detailed information regard- under section 524(g) of such title, of quarterly quire the public disclosure by trusts established 

SEPTEMBER 21, 2012 

Reported with amendments, committed to the Committee 

dered to be printed of the Whole House on the State of the Union, and ormstockstill on DSK4VPTVN1PROD with BILLS