Asbestos Bankruptcy Trust Claims Transparency Act

Iowa State Senate

Senate File 376, or the Asbestos Bankruptcy Trust Claims Transparency Act, was introduced to the Iowa legislature in January 2017 and passed in the House 56 – 39 on March 13, 2017. If implemented, the legislation would require disclosure of asbestos bankruptcy trust claim filings in civil asbestos lawsuits in an effort to eliminate the practice of “double-dipping” by plaintiffs’ attorneys.

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