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:: Monday, April 19, 2004 ::
GOP Pushes Trust Fund for Asbestos Victims By JESSE J. HOLLAND, AP
Republicans want to set up a trust fund that could reach as much as $124 billion. The fund would be financed by businesses and insurance companies and speed money to people with asbestos-related diseases. In exchange, victims could not take asbestos makers to court.
"Asbestos related litigation has clogged the courts, depriving those with injuries of a meaningful remedy and resulting in the bankruptcy if at least 60 companies and the loss of tens of thousands of jobs," the White House said in a statement. "This legislation will protect the rights of those with asbestos-related injuries and preserve American jobs."
posted 9:05 PM :: reference link ::
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