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Senate Panel Makes Progress on Asbestos Legislation, But More Work Still Ahead.
Knight Ridder/Tribune Business News, June, 2003
By Michael Remez, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Jun. 25--WASHINGTON--The Senate Judiciary Committee made significant progress Tuesday on asbestos legislation, particularly on thorny medical issues, but significant areas of disagreement remain.
The senators -- working to create a national trust fund to pay asbestos claims -- agreed on medical criteria to determine who is eligible for payment by the privately funded trust, estimated to total $108 billion.
But so far they have been unable to agree on exactly how much people with specific asbestos-related illnesses would be paid under the program. They also remain divided about whether and how to provide a backstop for the 25-year program in case the trust...
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