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News
April 18, 2012

Asbestos Trust Transparency Legislation Introduced

Representative Ben Quayle today introduced the Furthering Asbestos Claims Transparency (FACT) Act of 2012, a bill that would require asbestos settlement trusts to disclose information about their claims and respond to information requests from parties to asbestos litigation.  “We applaud Representative Quayle’s effort to shed light on the growing number of asbestos bankruptcy trusts that play a significant role in today’s asbestos compensation system,” said ILR President Lisa Rickard.  “The FACT Act is common sense bipartisan legislation that would bring much needed transparency to the trust system.”

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