,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gage  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #ah1 #bjbb,mrs4  
,torres ( ,cali=nia introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices1 & 9 addition to !   
,committee on ,en]gy & ,comm]ce1 = a    
p]iod to be subsequ5tly det]m9$ by !    
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to      
require disclosure ( asbe/os haz>ds 9 ! 
sale & lease ( resid5tial dwell+s1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,asbe/os ,exposure 9   
,h\s+ ,r$uction ,act ( #bjbb4  #b4      
,disclosure 9 sale or lease ( h\s+  7a7 
,requir$ disclosure ,! ,secret>y ( ,h\s+
 & ,urban ,developm5t & ! ,adm9i/rator (
 ! ,environm5tal ,protection ,ag5cy     
%all1 n lat] ?an ! expiration ( ! #b-ye>
 p]iod beg9n+ on ! date ( ! enactm5t (  
?is ,act1 jo9tly issue regulations "u   
?is section requir+ ! disclosure (      
asbe/os haz>ds 9 dwell+s t are (f]$ =   

sale or lease4 ,su* regulations %all    
require t1 be=e ! pur*as] or lessee is  
obligat$ "u any contract to pur*ase or  
lease ! dwell+1 ! sell] or lessor %all--
 7#a7 disclose to ! pur*as] or lessee ! 
pres5ce ( any kn[n asbe/os1 & any kn[n  
asbe/os-bas$ haz>ds1 9 su* dwell+ &     
provide to ! pur*as] or lessee any      
asbe/os haz>d evaluation report         
available to ! sell] or lessor2 &  7#b7 
p]mit ! pur*as] a #aj-;day p]iod 7unless
 ! p>ties mutually agree ^u a diff]5t   
p]iod ( "t7 to conduct a risk assessm5t 
or inspection = ! pres5ce ( asbe/os     
haz>ds4  7b7 ,asbe/os ,w>n+ ,/atem5t ,! 
regulations issu$ "u ?is section %all   
provide t e contract = ! pur*ase & sale 
( any int]e/ 9 a dwell+1 & e contract = 
lease ( a dwell+1 %all conta9 an        
,asbe/os ,w>n+ ,/atem5t & a /atem5t     
sign$ by ! pur*as] or lessee t ! pur*as]
 has-- 7#a7 read ! ,asbe/os ,w>n+       
,/atem5t & und]/&s its cont5ts2 &  7#b7 
_h a #aj-;day opportunity 7unless !     
p>ties mutually agre$ ^u a diff]5t p]iod

 ( "t7 be=e becom+ obligat$ "u !        
contract to pur*ase ! dwell+ to conduct 
a risk assessm5t or inspection = !      
pres5ce ( asbe/os-bas$ haz>ds4  7c7     
,cont5ts ( asbe/os w>n+ /atem5t ,!      
,asbe/os ,w>n+ ,/atem5t %all conta9 !   
foll[+ text pr9t$ 9 l>ge type on a      
sep>ate %eet ( pap] atta*$ to !         
contract3 ,e pur*as] ( any int]e/ 9     
resid5tial real prop]ty on :i* a dwell+ 
is locat$1 & e lessee ( a dwell+1 is    
notifi$ t su* prop]ty may pres5t        
exposure to asbe/os t may place         
occupants at risk ( lung disease &      
meso!lioma--a =m ( canc]4 ,! sell] ( any
 int]e/ 9 resid5tial real prop]ty1 & !  
lessor ( a dwell+1 is requir$ to provide
 ! buy] or lessee1 respectively1 ) any  
in=mation on asbe/os-bas$ haz>ds f risk 
assessm5ts or inspections 9 ! sell]'s or
 lessor's possession & notify ! buy] or 
lessee ( any kn[n asbe/os-bas$ haz>ds4  
,a risk assessm5t or inspection =       
possible asbe/os-bas$ haz>ds is         
recomm5d$ prior to pur*ase or lease44   

7d7 ,compliance assurance ,:5ev] a sell]
 or lessor has ent]$ into a contract )  
an ag5t = ! purpose ( sell+ or leas+ a  
dwell+1 ! regulations issu$ "u ?is      
section %all require ! ag5t1 on behalf (
 ! sell] or lessor1 to ensure compliance
 ) ! requirem5ts ( ?is section4  7e7    
,p5alties = violations  7#a7 ,monet>y   
p5alty ,any p]son :o kn[+ly violates any
 provision ( ?is section %all be subject
 to civil money p5alties 9 accordance ) 
! provisions ( section #ajb ( !         
,dep>tm5t ( ,h\s+ & ,urban ,developm5t  
,re=m ,act ( #aihi 7#db ,u4,s4,c4       
#cede74  7#b7 ,injunction au?ority ,!   
,secret>y is au?oriz$ to take su* lawful
 action z may be necess>y to enjo9 any  
violation ( ?is section4  7#c7 ,civil   
liability  7,a7 ,9 g5]al ,any p]son :o  
kn[+ly violates ! provisions ( ?is      
section %all be jo9tly & sev]ally liable
 to ! pur*as] or lessee 9 an am\nt equal
 to #c times ! am\nt ( damages incurr$  
by su* individual4  7,b7 ,co/s ,9 any   
civil action br\ght = damages pursuant  

to ?is p>agraph1 ! appropriate c\rt may 
aw>d c\rt co/s to ! p>ty comm5c+ su*    
action1 toge!r ) reasonable attorney    
fees & any exp]t witness fees1 if t p>ty
 prevails4  7#d7 ,prohibit$ act ,x %all 
be a prohibit$ act "u sections #ae &    
#dji ( ! ,toxic ,sub/ances ,control ,act
 7#ae ,u4,s4,c4 #bfad1 #bfhi7 = any     
p]son to fail or refuse to comply ) a   
provision ( ?is section or ) any rule or
 ord] issu$ "u ?is section4 ,= purposes 
( en=c+ ?is section "u ! ,toxic         
,sub/ances ,control ,act 7#ae ,u4,s4,c4 
#bfja et seq471 ! p5alty = ea* violation
 applicable "u section #af ( su* ,act   
7#ae ,u4,s4,c4 #bfae7 %all n be m ?an   
#aj1jjj4  7f7 ,validity ( contracts &   
li5s ,no?+ 9 ?is section %all affect !  
validity or en=ceability ( any sale or  
contract = ! pur*ase & sale or lease (  
any int]e/ 9 resid5tial real prop]ty or 
any loan1 loan agreem5t1 mortgage1 or   
li5 made or aris+ 9 connection ) a      
mortgage loan1 nor %all any?+ 9 ?is     
section create a defect 9 title4  7g7   

,def9itions ,= purposes ( ?is section1 !
 foll[+ def9itions %all apply3 7#a7     
,asbe/os ,! t]m asbe/os has ! mean+ giv5
 su* t]m 9 section #bjb ( ! ,toxic      
,sub/ances ,control ,act 7#ae ,u4,s4,c4 
#bfdb74  7#b7 ,asbe/os-bas$ haz>d ,! t]m
 asbe/os-bas$ haz>d means any condition 
t causes exposure to asbe/os t w\ld     
result 9 adv]se human heal? effects z   
e/abli%$ by ! appropriate ,f$]al ag5cy4 
7#c7 ,dwell+ ,! t]m dwell+ means any    
dwell+1 z su* t]m is def9$ 9 section    
#hjb ( ! ,fair ,h\s+ ,act 7#db ,u4,s4,c4
 #cfjb7 t 0 con/ruct$ prior to #bjai4 ,!
 exemptions "u section #hjc7;b7 ( su*   
,act 7#db ,u4,s4,c4 #cfjc7 %all n apply 
= purposes ( ?is ,act4  7#d7 ,inspection
 ,! t]m inspection means an on-site     
inve/igation to det]m9e ! pres5ce (     
asbe/os & ! provision ( a report expla9+
 ! results ( ! inve/igation4  7#e7 ,risk
 assessm5t ,! t]m risk assessm5t means  
an on-site inve/igation to det]m9e &    
report ! exi/5ce1 nature1 sev]ity &     
location ( asbe/os-bas$ haz>ds 9        

dwell+s1 includ+-- 7,a7 in=mation ga!r+ 
reg>d+ ! age & hi/ory ( ! h\s+2  7,b7   
visual inspection2  7,c7 sampl+ or o!r  
environm5tal sampl+ te*niques2  7,d7 o!r
 activity z may be appropriate2 &  7,e7 
provision ( a report expla9+ ! results (
 ! inve/igation4  7h7 ,effective date ,!
 regulations issu$ "u ?is section %all  
take effect ^u ! expiration ( ! #b-ye>  
p]iod beg9n+ on ! date ( ! enactm5t (   
?is ,act4  7i7 ,au?orization (          
appropriations ,!re is au?oriz$ to be   
appropriat$ = ea* fiscal ye> su* sums z 
may be necess>y to c>ry out ?is section4