Sen. Specter Introduces New Version of FAIR Act

WASHINGTON -- Judiciary Chairman Sen. Arlen Specter (R-Pa.) has introduced a new version of the Fairness in Asbestos Injury Resolution Act that adopts many of the amendments proposed earlier this year before a procedural objection halted progress on passing the asbestos trust fund.

In introducing the bill, Sen. Specter noted that the amended version 'makes very substantial improvements to satisfy interests and concerns raised by a number of senators.'

'The bill provides for a most prompt recovery for the sickest of claimants, stronger medical criteria, preserves the ability of bankruptcy trusts to continue paying impaired claims, has an …