IB 

Union Calendar No. 271 

114TH CONGRESS 

1ST SESSION H. R. 526 

[Report No. 114–352] 

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. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 26, 2015 

Mr. FARENTHOLD (for himself and Mr. MARINO) introduced the following bill; 

which was referred to the Committee on the Judiciary 

NOVEMBER 30, 2015 

Additional sponsors: Mr. TROTT and Mr. FRANKS of Arizona 

NOVEMBER 30, 2015 

Committed to the Committee of the Whole House on the State of the Union 

and ordered to be printed 


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•HR 526 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 for other purposes. 


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3 

•HR 526 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 2015’’. 

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 

18 payment from the trust made to such claimant; 

19 and 

20 ‘‘(ii) does not include any confidential med21 ical record or the claimant’s full social security 

22 number; and 

23 ‘‘(B) upon written request, and subject to pay24 ment (demanded at the option of the trust) for any 

25 reasonable cost incurred by the trust to comply with 


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•HR 526 RH

1 such request, provide in a timely manner any infor2 mation related to payment from, and demands for 

3 payment from, such trust, subject to appropriate 

4 protective orders, to any party to any action in law 

5 or equity if the subject of such action concerns li6 ability for asbestos exposure.’’. 

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

8 (a) EFFECTIVE DATE.—Except as provided in sub9 section (b), this Act and the amendments made by this 

10 Act shall take effect on the date of the enactment of this 

11 Act. 

12 (b) APPLICATION OF AMENDMENTS.—The amend13 ments made by this Act shall apply with respect to cases 

14 commenced under title 11 of the United States Code be15 fore, on, or after the date of the enactment of this Act. 


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Union Calendar No. 271 

114TH CONGRESS 

1ST SESSION H. R. 526 

[Report No. 114–352] 

A BILL 

To amend title 11 of the United States Code to repurposes. ries based on exposure to asbestos; and for other 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 

NOVEMBER 30, 2015 

Committed to the Committee of the Whole House on the 

State of the Union and ordered to be printed 


asabaliauskas on DSK5VPTVN1PROD with BILLS