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March 01, 2005

US asbestos bill at critical stage - Sen. Specter

A proposal for a $140 billion asbestos compensation fund will be put in the "deep freeze" unless lawmakers soon agree on the details, Senate Judiciary Committee Chairman Arlen Specter warned on Tuesday.

Specter, author of the draft bill to take asbestos injury claims out of court and pay them from the fund, said the proposal is at a critical stage and would be removed from his committee's agenda in the next few weeks if feuding continues on the fund's size and other issues.

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Posted by Tom Troceen