🔓
Sign in as a Member to unlock the full view of HR.4247. · Full carveout list, all affected companies, party defectors, and 30-day trade predictions.
Become a Member$24.50/mo already a Member? Sign in →
HR.4247 · 119TH CONGRESS

Asbestos Exposure in Housing Reduction Act of 2025

Status
In Committee
Sponsor
Torres, Norma J. (D-California)
Official Source
Investability
0/100
Stage
COMMITTEE
Related Bills
0
Full Text
7,264 chars
Alive
Yes

What This Bill Does · Plain English

GovGreed Synthesis · AI extraction
This bill requires sellers and landlords of residential properties built before 2019 to disclose known asbestos hazards and provide any available asbestos evaluation reports to potential buyers or tenants before a sale or lease is finalized. It mandates a 10-day inspection period for buyers and requires a specific asbestos warning statement in contracts. The bill authorizes the Department of Housing and Urban Development (HUD) and the Environmental Protection Agency (EPA) to issue implementing regulations within two years and establishes civil penalties, including triple damages, for violations.

Top Winners · Companies that benefit if HR.4247 passes

55% confidence
The bill mandates asbestos inspections and risk assessments, which could increase demand for environmental testing and remediation services. EMCOR Group (EME) provides such services, including asbestos abatement. This is an inference based on the bill's creation of a new inspection requirement, not a direct citation.
50% confidence
The bill mandates asbestos inspections and risk assessments, which could increase demand for environmental consulting and engineering services. Tetra Tech (TTEK) provides environmental consulting, including hazardous material management. This is an inference based on the bill's creation of a new inspection requirement, not a direct citation.

Top winners identified by GovGreed LLM analysis.

Carveouts & Earmarks · 1 line items

Specific dollar amounts in this bill that flow to identifiable companies or programs — the actual cash trail.

Sec.2(i)
"There is authorized to be appropriated for each fiscal year such sums as may be necessary to carry out this section."
→ to carry out this section

Frequently Asked Questions

Did HR.4247 pass?
HR.4247 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
What does HR.4247 do?
This bill requires sellers and landlords of residential properties built before 2019 to disclose known asbestos hazards and provide any available asbestos evaluation reports to potential buyers or tenants before a sale or lease is finalized. It mandates a 10-day inspection period for buyers and requires a specific asbestos warning statement in contracts. The bill authorizes the Department of Housing and Urban Development (HUD) and the Environmental Protection Agency (EPA) to issue implementing regulations within two years and establishes civil penalties, including triple damages, for violation…
Who sponsored HR.4247?
HR.4247 was sponsored by Norma J. Torres (D-California).
What companies benefit from HR.4247?
Top public companies expected to benefit: EME, TTEK. Affected sectors: multiple.

Full Bill Text

119 HR 4247 IH: Asbestos Exposure in Housing Reduction Act of 2025 U.S. House of Representatives 2025-06-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 4247 IN THE HOUSE OF REPRESENTATIVES June 27, 2025 Mrs. Torres of California introduced the following bill; which was referred to the Committee on Financial Services , and in addition to the Committee on Energy and Commerce , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To require disclosure of asbestos hazards in the sale and lease of residential dwellings, and for other purposes. 1. Short title This Act may be cited as the Asbestos Exposure in Housing Reduction Act of 2025 . 2. Disclosure in sale or lease of housing (a) Required disclosure The Secretary of Housing and Urban Development and the Administrator of the Environmental Protection Agency shall, not later than the expiration of the 2-year period beginning on the date of the enactment of this Act, jointly issue regulations under this section requiring the disclosure of asbestos hazards in dwellings that are offered for sale or lease. Such regulations shall require that, before the purchaser or lessee is obligated under any contract to purchase or lease the dwelling, the seller or lessor shall— (1) disclose to the purchaser or lessee the presence of any known asbestos, and any known asbestos-based hazards, in such dwelling and provide to the purchaser or lessee any asbestos hazard evaluation report available to the seller or lessor; and (2) permit the purchaser a 10-day period (unless the parties mutually agree upon a different period of time) to conduct a risk assessment or inspection for the presence of asbestos hazards. (b) Asbestos Warning Statement The regulations issued under this section shall provide that every contract for the purchase and sale of any interest in a dwelling, and every contract for lease of a dwelling, shall contain an Asbestos Warning Statement and a statement signed by the purchaser or lessee that the purchaser has— (1) read the Asbestos Warning Statement and understands its contents; and (2) had a 10-day opportunity (unless the parties mutually agreed upon a different period of time) before becoming obligated under the contract to purchase the dwelling to conduct a risk assessment or inspection for the presence of asbestos-based hazards. (c) Contents of asbestos warning statement The Asbestos Warning Statement shall contain the following text printed in large type on a separate sheet of paper attached to the contract: Every purchaser of any interest in residential real property on which a dwelling is located, and every lessee of a dwelling, is notified that such property may present exposure to asbestos that may place occupants at risk of lung disease and mesothelioma—a form of cancer. The seller of any interest in residential real property, and the lessor of a dwelling, is required to provide the buyer or lessee, respectively, with any information on asbestos-based hazards from risk assessments or inspections in the seller's or lessor’s possession and notify the buyer or lessee of any known asbestos-based hazards. A risk assessment or inspection for possible asbestos-based hazards is recommended prior to purchase or lease. . (d) Compliance assurance Whenever a seller or lessor has entered into a contract with an agent for the purpose of selling or leasing a dwelling, the regulations issued under this section shall require the agent, on behalf of the seller or lessor, to ensure compliance with the requirements of this section. (e) Penalties for violations (1) Monetary penalty Any person who knowingly violates any provision of this section shall be subject to civil money penalties in accordance with the provisions of section 102 of the Department of Housing and Urban Development Reform Act of 1989 ( 42 U.S.C. 3545 ). (2) Injunction authority The Secretary is authorized to take such lawful action as may be necessary to enjoin any violation of this section. (3) Civil liability (A) In general Any person who knowingly violates the provisions of this section shall be jointly and severally liable to the purchaser or lessee in an amount equal to 3 times the amount of damages incurred by such individual. (B) Costs In any civil action brought for damages pursuant to this paragraph, the appropriate court may award court costs to the party commencing such action, together with reasonable attorney fees and any expert witness fees, if that party prevails. (4) Prohibited act It shall be a prohibited act under sections 15 and 409 of the Toxic Substances Control Act ( 15 U.S.C. 2614 , 2689) for any person to fail or refuse to comply with a provision of this section or with any rule or order issued under this section. For purposes of enforcing this section under the Toxic Substances Control Act ( 15 U.S.C. 2601 et seq. ), the penalty for each violation applicable under section 16 of such Act ( 15 U.S.C. 2615 ) shall not be more than $10,000. (f) Validity of contracts and liens Nothing in this section shall affect the validity or enforceability of any sale or contract for the purchase and sale or lease of any interest in residential real property or any loan, loan agreement, mortgage, or lien made or arising in connection with a mortgage loan, nor shall anything in this section create a defect in title. (g) Definitions For purposes of this section, the following definitions shall apply: (1) Asbestos The term asbestos has the meaning given such term in section 202 of the Toxic Substances Control Act ( 15 U.S.C. 2642 ). (2) Asbestos-based hazard The term asbestos-based hazard means any condition that causes exposure to asbestos that would result in adverse human health effects as established by the appropriate Federal agency. (3) Dwelling The term dwelling means any dwelling, as such term is defined in section 802 of the Fair Housing Act ( 42 U.S.C. 3602 ) that was constructed prior to 2019. The exemptions under section 803(b) of such Act ( 42 U.S.C. 3603 ) shall not apply for purposes of this Act. (4) Inspection The term inspection means an on-site investigation to determine the presence of asbestos and the provision of a report explaining the results of the investigation. (5) Risk assessment The term risk assessment means an on-site investigation to determine and report the existence, nature, severity and location of asbestos-based hazards in dwellings, including— (A) information gathering regarding the age and history of the housing; (B) visual inspection; (C) sampling or other environmental sampling techniques; (D) other activity as may be appropriate; and (E) provision of a report explaining the results of the investigation. (h) Effective date The regulations issued under this section shall take effect upon the expiration of the 2-year period beginning on the date of the enactment of this Act. (i) Authorization of appropriations There is authorized to be appropriated for each fiscal year such sums as may be necessary to carry out this section.
🔒 GovGreed Pro · Trading Intelligence on HR.4247 Get Access — $24.50/mo
Loading intelligence layer…
Bill text sourced from GovInfo.gov · public domain · last updated 2026-09-14. Plain-English summary, score breakdown, and trading-intelligence panels are GovGreed-original analysis derived from STOCK Act filings, SEC Form 4 disclosures, FEC contributions, and Senate LDA lobbying reports — all publicly filed federal records. GovGreed is not affiliated with the U.S. Government. Not financial advice. [live render]