H.R. 906: Furthering Asbestos Claim Transparency (FACT) Act of 2017

115th Congress · introduced 2017-02-07 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 6.

federal

Follow this bill, step by step

Where it came from: introduced 2017-02-07 · official record
Who proposed it: Rep. Farenthold, Blake [R-TX-27] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Placed on the Union Calendar, Calendar No. 6. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Furthering Asbestos Claim Transparency (FACT) Act of 2017

Plain summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Furthering Asbestos Claim Transparency (FACT) Act of 2017 (Sec. 2) This bill amends federal bankruptcy law to establish disclosure requirements with respect to a trust that is formed under a reorganization plan, following the discharge in bankruptcy of a debtor corporation, for the purpose of assuming the debtor's liability regarding certain legal claims related to liability for asbestos exposure. Such a trust must file with the bankruptcy court quarterly reports, available on the public docket, that describe each demand the trust has received from a claimant and the basis for any payment made to that claimant. These reports shall not include any confidential medical record or the claimant's full Social Security number. Upon written request, and subject to payment for reasonable costs, a trust must provide information related to payment from, and demands for payment from, the trust to any party to an action concerning liability for asbestos exposure.

Congressional Research Service summary (Reported to House without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Furthering Asbestos Claim Transparency (FACT) Act of 2017

Source: Congressional Research Service summary (Reported to House without amendment)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Farenthold, Blake [R-TX-27] · 4 cosponsors

Cost estimate: CBO cost estimate: H.R. 906, Furthering Asbestos Claims Transparency (FACT) Act of 2017 (2017-02-21)

Cosponsors on this site

Pete Sessions (R-TX)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House without amendment)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr906.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>

Record fed-us-cong115-hr906 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115