Bill116th CongressFiled Mar 13, 2019Finance and Financial Sector
S. 766
PROTECT Asbestos Victims Act of 2019
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Mar 13, 2019)
Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency for Asbestos Victims Act of 2019 or the PROTECT Asbestos Victims Act of 2019
This bill 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.
What just happenedMar 13, 2019
Read twice and referred to the Committee on the Judiciary.
Who’s behind it
Sen. Tillis, Thomas [R-NC](R-NC)Sponsor
3 cosponsors3 R
3cosponsors1committees2actions8subjects
- Introduced in SenateMar 13, 2019
- Mar 13, 2019IntroReferral
Read twice and referred to the Committee on the Judiciary.
Judiciary Committee - Mar 13, 2019IntroReferral10000
Introduced in Senate