H.R.4696 - To amend title 11 of the United States Code with respect to the allowance of certain claims or interests.107th Congress (2001-2002)
|Sponsor:||Rep. Cannon, Chris [R-UT-3] (Introduced 05/09/2002)|
|Committees:||House - Judiciary|
|Latest Action:||07/18/2002 Referred to the Subcommittee on Commercial and Administrative Law.|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Subject — Policy Area:
- Finance and Financial Sector
- View subjects
Summary: H.R.4696 — 107th Congress (2001-2002)All Bill Information (Except Text)
Amends Federal bankruptcy law to disallow a claim to which an objection has been raised to the extent that it is a nonmalignant asbestos related claim (including a claim for pleural plaques, asymptomatic pleural thickening, asbestosis, fear of cancer, emotional distress, and medical surveillance).
Introduced in House (05/09/2002)
Allows a nonmalignant asbestos related claim, however, for: (1) permanent breathing impairment; or (2) a survivor claim where the decedent's death was caused by exposure to asbestos or asbestos-containing products.
States that when and if a person develops a subsequent asbestos related claim that is allowable, then a previously disallowed claim may proceed as an allowable demand against either the reorganized debtor, or against a trust set up as part of a reorganization case for holders of allowable asbestos related claims and asbestos related demands.