ADDRESSING FRAUD IN THE ASBESTOS TRUST SYSTEM
Asbestos trusts are decreasing their payments, affecting real victims and innocent companies. The Furthering Asbestos Claim Transparency (FACT) Act of 2015 would promote transparency and prevent “double dipping.”
Asbestos trusts will lack the funds to pay future victims’ claims.
Companies will face increased pressure from fraudulent lawsuits.
Trusts will remain vulnerable to abusive claims.
The FACT Act shines a light on corruption, preserves sensitive personal information, and protects:
Legislation is currently making its way through both chambers of Congress.
View the bill text of both below: