# 114-hr-526: Furthering Asbestos Claim Transparency (FACT) Act of 2015

114-hr-526, Furthering Asbestos Claim Transparency (FACT) Act of 2015, is a 114th Congress bill sponsored by Rep. Farenthold, Blake [R-TX-27] (R-TX); status Placed on the Union Calendar, Calendar No. 271. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-526
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-526
- Congress: 114
- Title: Furthering Asbestos Claim Transparency (FACT) Act of 2015
- Status: Placed on the Union Calendar, Calendar No. 271.
- Introduced: 2015-01-26
- Sponsor: Rep. Farenthold, Blake [R-TX-27] (R-TX)
- Cosponsors: 3
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Furthering Asbestos Claim Transparency (FACT) Act of 2015 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 from, the trust to any party to any action in law or equity concerning liability for asbestos exposure.

## Cosponsors (3)

- Rep. Marino, Tom [R-PA-10] (R-PA), 2015-01-26T00:00:00.000Z
- Rep. Trott, David A. [R-MI-11] (R-MI), 2015-04-21T00:00:00.000Z
- Rep. Franks, Trent [R-AZ-8] (R-AZ), 2015-04-21T00:00:00.000Z

## Related bills

- 114-hr-6094: Regulatory Relief for Small Businesses, Schools, and Nonprofits Act
- 114-hr-5063: Stop Settlement Slush Funds Act of 2016
- 114-hr-4773: Protecting Workplace Advancement and Opportunity Act
- 114-hr-4768: Separation of Powers Restoration Act of 2016
- 114-hr-3326: Defend Trade Secrets Act of 2015
- 114-hr-2802: First Amendment Defense Act

## Sources
- [114-hr-526 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/526)

## Related
- [114-hr-6094: Regulatory Relief for Small Businesses, Schools, and Nonprofits Act](https://policyrisk.com/legislation/114-hr-6094)
- [114-hr-5063: Stop Settlement Slush Funds Act of 2016](https://policyrisk.com/legislation/114-hr-5063)
- [114-hr-4773: Protecting Workplace Advancement and Opportunity Act](https://policyrisk.com/legislation/114-hr-4773)
- [114-hr-4768: Separation of Powers Restoration Act of 2016](https://policyrisk.com/legislation/114-hr-4768)
- [114-hr-3326: Defend Trade Secrets Act of 2015](https://policyrisk.com/legislation/114-hr-3326)
- [114-hr-2802: First Amendment Defense Act](https://policyrisk.com/legislation/114-hr-2802)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-526 (as of 2025-11-18).