The U.S. House sponsor of the Furthering Asbestos Claims Transparency (FACT) Act, Rep. Blake Farenthold (R-TX), publishes an op-ed today spotlighting the need to fight “fraud and abuse” in the asbestos bankruptcy trust system.
“Without increased transparency in the system, asbestos trusts may be fleeced into nothingness and left unable to pay the veterans, first-responders, workers and other Americans who will become sick over the next ten, twenty, or even thirty years,” writes Farenthold.
Pushing back on plaintiffs’ attorneys who claim the legislation will threaten asbestos victims’ privacy, Farenthold notes that “federal bankruptcy courts zealously guard asbestos victims’ personal information, and they will ensure that reports filed under the FACT Act are properly protected. The FACT Act also forbids any disclosure of confidential medical records.”
“Don’t our veterans and first responders deserve the same compensation as the asbestos victims who came before them? I believe they do,” concludes Farenthold.
Read the full op-ed here.