STORY FROM: Asbestos
Committee on the Judiciary Submit Report with Dissenting Views on FACT Act of 2017
March 1, 2017
WASHINGTON, D.C. –– The U.S. House of Representatives Committee on the Judiciary has submitted a report on recently reintroduced legislation aimed at requiring the public disclosure of claims submitted with asbestos bankruptcy trusts, saying that the Committee reports favorably without amendment and recommends that the bill should pass.
In the Feb. 24 report, however, the Committee recorded dissenting views of the proposed bill, in which a number of representatives stated that the legislation “does nothing to protect victims or to improve the claims process and is based on the false assertion that there is endemic fraud in the asbestos trust ...