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H.R.982: Furthering Asbestos Claim Transparency (FACT) Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Blake Farenthold, R-Texas
Total Cosponsors 2 (1 Democrat, 1 Republican)
Introduced March 6, 2013
Latest Major Action Nov. 14, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Furthering Asbestos Claim Transparency (FACT) Act of 2013 - Amends federal bankruptcy law concerning a trust formed under a reorganization plan following the discharge in bankruptcy of a debtor corporation in order to assume the debtor's liability with respect to claims seeking recovery for personal injury, wrongful death, or property damage allegedly caused by the presence of, or exposure to, asbestos or asbestos-containing products.

Requires such a trust to file with the bankruptcy court quarterly reports, available on the public docket, which describe each demand the trust has received from a claimant and the basis for any payment made to that claimant (excluding any confidential medical record or the claimant's full Social Security number).

Requires such reports, upon written request, and subject to payment (demanded at the option of the trust) for any reasonable cost incurred by it, to provide any information related to payment from, and demands for payment f...

(Source: Congressional Research Service)

Bill Actions

Date Description
Nov. 14, 2013 Received in the Senate and Read twice and referred to the Committee on the Judiciary.
Nov. 13, 2013 Motion to reconsider laid on the table Agreed to without objection.
Nov. 13, 2013

On passage Passed by recorded vote: 221 - 199 (Roll no. 579). (text: CR H7024-7025)

Nov. 13, 2013

On motion to recommit with instructions Failed by the Yeas and Nays: 197 - 224 (Roll no. 578).

Nov. 13, 2013 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H7032)
Nov. 13, 2013 DEBATE - The House proceeded with 10 minutes of debate on the Owens motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House forthwith with an amendment to exempt veterans and members of the U.S. Armed Forces from the disclosure requirements of the bill and ensure that their asbestos claims are paid before death.
Nov. 13, 2013 Mr. Owens moved to recommit with instructions to Judiciary. (consideration: CR H7032-7033; text: CR H7032)
Nov. 13, 2013 The previous question was ordered pursuant to the rule. (consideration: CR H7032)
Nov. 13, 2013 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 982.
Nov. 13, 2013 The House resolved into Committee of the Whole House on the state of the Union for further consideration.
Nov. 13, 2013 Considered as unfinished business. (consideration: CR H7029-7034)
Nov. 13, 2013 Committee of the Whole House on the state of the Union rises leaving H.R. 982 as unfinished business.
Nov. 13, 2013 On motion that the committee rise Agreed to by voice vote.
Nov. 13, 2013 Mr. Goodlatte moved that the committee rise.
Nov. 13, 2013 POSTPONED PROCEEDINGS - At the conclusion of debate on the Jackson Lee amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes prevailed. Ms. Jackson Lee demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
Nov. 13, 2013 DEBATE - Pursuant to the provisions of H.Res. 403, the Committee of the Whole proceeded with 10 minutes of debate on the Jackson Lee amendment.
Nov. 13, 2013 POSTPONED PROCEEDINGS - At the conclusion of debate on the Nadler amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes prevailed. Mr. Nadler demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
Nov. 13, 2013 DEBATE - Pursuant to the provisions of H.Res. 403, the Committee of the Whole proceeded with 10 minutes of debate on the Nadler amendment.
Nov. 13, 2013 POSTPONED PROCEEDINGS - At the conclusion of debate on the Cohen amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes prevailed. Mr. Goodlatte demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
Nov. 13, 2013 DEBATE - Pursuant to the provisions of H.Res. 403, the Committee of the Whole proceeded with 10 minutes of debate on the Cohen amendment.
Nov. 13, 2013 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 982.
Nov. 13, 2013 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 403 and Rule XVIII.
Nov. 13, 2013 The resolution provides for the consideration of H.R. 2655 and H.R. 982. In the case of H.R. 2655, the resolution provides for one hour of debate and one motion to recommit. In the case of H.R. 982, the resolution provides for one hour of general debate and makes in order only those amendments printed in the Rules Committee report. The resolution also provides for one motion to recommit the bill H.R. 982.
Nov. 13, 2013 Considered under the provisions of rule H. Res. 403. (consideration: CR H7017-7029)
Nov. 13, 2013 The Speaker designated the Honorable Rob Bishop to act as Chairman of the Committee.
Nov. 13, 2013 Rule H. Res. 403 passed House.
Nov. 12, 2013 Rules Committee Resolution H. Res. 403 Reported to House. The resolution provides for the consideration of H.R. 2655 and H.R. 982. In the case of H.R. 2655, the resolution provides for one hour of debate and one motion to recommit. In the case of H.R. 982, the resolution provides for one hour of general debate and makes in order only those amendments printed in the Rules Committee report. The resolution also provides for one motion to recommit the bill H.R. 982.
Nov. 12, 2013 Supplemental report filed by the Committee on Judiciary, H. Rept. 113-254, Part II.
Oct. 30, 2013 Placed on the Union Calendar, Calendar No. 180.
Oct. 30, 2013 Reported (Amended) by the Committee on Judiciary. H. Rept. 113-254.
May 21, 2013 Ordered to be Reported by the Yeas and Nays: 17 - 14.
May 21, 2013 Committee Consideration and Mark-up Session Held.
May 20, 2013 Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
April 8, 2013 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
March 6, 2013 Referred to the House Committee on the Judiciary.