House Bill No. by Representative Wright aims to enhance transparency in asbestos-related legal actions by enacting a new chapter in the Louisiana Revised Statutes, specifically the "Asbestos Trust Claims Transparency and Over-Naming Act." This legislation introduces definitions for key terms such as "asbestos action," "asbestos trust," and "exposed person," and outlines the required disclosures that claimants must provide within thirty days of filing an asbestos action. These disclosures include a sworn statement confirming the completion of all asbestos trust claims, the production of trust claim materials, and detailed information about the exposed person and their exposure history.

Additionally, the bill establishes procedures for defendants to identify any additional asbestos trust claims that may not have been filed by the claimant, allowing them to request the court to compel the claimant to file these claims before trial. It also permits defendants to seek discovery from asbestos trusts, with trust claim materials being presumed relevant and admissible in court. If a claimant fails to comply with the disclosure requirements, the court may dismiss the asbestos action without prejudice against any defendant whose product or premises is not identified in the required disclosures.