US SB766 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on March 13 2019 - 25% progression, died in committee
Action: 2019-03-13 - Read twice and referred to the Committee on the Judiciary.
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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. Among other things, the bill provides statutory authority for the U.S. Trustee Program within the Department of Justice to investigate the administration and operation of asbestos bankruptcy trusts; and creates new criminal offenses for making a false representation to, or a false claim for payment by, an asbestos bankruptcy trust.

Tracking Information

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Title

PROTECT Asbestos Victims Act of 2019 Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency for Asbestos Victims Act of 2019

Sponsors


History

DateChamberAction
2019-03-13SenateRead twice and referred to the Committee on the Judiciary.

Subjects


US Congress State Sources


Bill Comments

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