Business Services Industry
Opponents in Congress Clash on Asbestos Trust Fund Bill.
Knight Ridder/Tribune Business News, June, 2003
By Michael Remez, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Jun. 5--WASHINGTON -- Despite significant differences with Democratic colleagues about how a national asbestos trust fund should work, Sen. Orrin Hatch, R-Utah and chairman of the Judiciary Committee, vowed Wednesday to push ahead with his bill, possibly as soon as next week.
A lengthy Judiciary Committee hearing Wednesday highlighted the remaining disagreements over how best to make sure people made ill by asbestos get paid fairly while limiting the long-term exposure of businesses and insurers.
Hatch has proposed a $108 billion, privately financed trust fund, paid for primarily by businesses facing asbestos claims and their insurers. Outstanding state...
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