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Monday, February 2, 2015

Consumer group responds to introduction of asbestos legislation, HR 526

Upon the reintroduction of the Furthering Asbestos Claims Transparency Act in the U.S. House of Represeem through increased transparency, National Consumers League Executive Director Sally Greenberg has issued the following statement:

“The FACT Act of 2015 is a misguided attempt to derail the important work of the asbestos bankruptcy fund. This bill, if passed, would put the burden on some of the most vulnerable Americans—victims of asbestos-related illnesses—in their quest to achieve fair settlements for harms made against them. The FACT Act would unfairly give insurers the upper hand regarding asbestos claims and that is wrong. We urge Congress to stop this bill in its tracks.” 

H.R. 526,  purports to reduce fraud in the asbestos bankruptcy trust system.
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