House Panel Advances Asbestos Trust Transparency Bill

Law360, New York (May 21, 2013, 5:53 PM EDT) -- The U.S. House Judiciary Committee approved legislation on Tuesday that would require more transparency from trusts set up to disburse insolvent companies' funds to asbestos victims, narrowly defeating amendments from Democrats concerned the bill would threaten victims' privacy.

The committee advanced the Furthering Asbestos Claim Transparency Act of 2013, or H.R. 982, by a party-line vote of 17 to 14, with Republicans favoring and Democrats opposing the bill. The legislation is co-sponsored by Reps. Jim Matheson, D-Utah, who does not sit on the committee, and Blake...
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