WASHINGTON–Insurance industry opponents of a proposed national trust fund for asbestos exposure victims remained largely unconvinced today that changes made by the sponsors of the legislation would assuage their concerns.
At a hearing of the Senate Judiciary Committee, the bill's sponsors, chairman Arlen Specter, R-Pa., and Ranking Minority Member Patrick Leahy, D-Vt., spoke of the improvements in the bill, the Fairness in Asbestos Injury Resolution Act, now also known as S. 3274.
“Today, we discuss an improved bill,” said Sen. Leahy. “The chairman and I have been responsive to concerns from many interested parties, and we have refined the bill to accommodate many of these concerns.”
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