SENATE 766116th CongressRead twice and referred to the Committee on the Judiciary.

PROTECT Asbestos Victims Act of 2019

Last Action: 3/13/2019

Actions

2019-03-13Read twice and referred to the Committee on the Judiciary.
2019-03-13Introduced in Senate

CRS Summary

As of 2019-03-13 (00)

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.

Cosponsors (3)

Charles Grassley (R-IA)
John Cornyn (R-TX)
Mike Crapo (R-ID)

Subjects

Alabama
Bankruptcy
Civil actions and liability
Fraud offenses and financial crimes
Government studies and investigations
Hazardous wastes and toxic substances
North Carolina
Product safety and quality

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.