'Removing' the Sting from Asbestos Litigation - Part 2 of 2

This is Part 2 of a two-part article. For Part 1, click here.

(2) Defense Production Act

The Defense Production Act of 1950, Title III, 50 U.S.C. App. § 2091, et seq. (the "Act"), was enacted to support mobilization of economic resources in response to the Korean War. Pursuant to the Act, the government expedited expansion of industrial capacity for defense materials and equipment. By 1974, the Act had fallen into disuse and its revolving fund was insolvent. The Act was revived in 1979 during a national energy crisis to expedite the commercialization of synthetic fuels, and remains …