The asbestos bill, which was introduced on the Senate floor three years ago, has been through a number of amendments to address various issues and concerns surrounding the proposed legislation. While proponents of the asbestos bill claim that the new trust fund would ensure prompt recovery for injured claimants, it could potentially deny many people the full compensation they deserve.
The FAIR Act asbestos bill, if passed, will require claimants to meet stronger medical criteria in order to receive compensation. In addition, the asbestos bill would prevent asbestos manufacturers and other defendants from being punished for their wrongdoing.
For example, companies that would be ordered to pay billions of dollars in asbestos lawsuits under today's laws would only be required to pay millions for the asbestos bill trust fund, thus largely skirting liability for their reckless negligence in allowing people to be exposed to asbestos.
The FAIR Act would ultimately prove to be unfair for thousands of people who have suffered from mesothelioma or other serious illnesses due to asbestos exposure.
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