Senate Hears Testimony on New Version Of FAIR Act

WASHINGTON -- Earlier this month, the Senate heard testimony relating to the new version of the Fairness in Asbestos Injury Resolution Act, which was introduced by Judiciary Chairman Sen. Arlen Specter (R-Pa.) on May 26.

The new version of S. 3274, the "Fairness in Asbestos Injury Resolution Act of 2006," adopts many of the amendments proposed earlier this year before a procedural objection halted progress on the bill..

In testimony that took place June 7 before a Senate committee, Edmund F. Kelly, Chairman, President and CEO of Liberty Mutual Group questioned the bill's supposed "special treatment to a very …