House Panel Head Delays Vote On Asbestos Trust Reform

Law360, New York (March 21, 2013, 5:22 PM EDT) -- In an unusual scene on Capitol Hill on Wednesday, a U.S. House subcommittee chairman pushed back a scheduled vote on legislation to reform the system for dispersing insolvent companies' funds to asbestos victims in order to allow three victims to testify against the bill.

The subcommittee on regulatory reform, commercial and antitrust law, a House Judiciary panel, met to vote on H.R. 982, the Furthering Asbestos Claim Transparency Act of 2013. The bill would require asbestos trusts to file public reports with bankruptcy courts detailing each...
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