Senators propose overhaul of asbestos fund bill Krystal MacIntyre at 10:54 AM ET
[JURIST] US Sen. John Cornyn (R-TX) [official website] and 14 other Republican senators have introduced a proposal that would rewrite an asbestos bill to allow asbestos-related lawsuits only under strict medical criteria, rather than establishing a $140 billion fund [JURIST report] for all victims. Cornyn introduced the plan as an amendment to the Fairness in Asbestos Injury Resolution Act [PDF text; bill summary], which is currently being debated in the Senate [JURIST report]. The original version, sponsored by Sen. Arlen Specter (R-PA) [official website] and Sen. Patrick Leahy (D-VT) [official website], would require asbestos companies and insurers to provide a fund for asbestos-related lawsuits, but the proposal does not have widespread support.
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