Bill would stop asbestos fraud: letter

The News Star
Michael Carter

Mike Carter, owner of Monroe Rubber & Gasket Co. Inc., is a small business owner in Louisiana affected by frivolous asbestos-related lawsuits and has spent thousands of dollars traveling to Washington and Baton Rouge to convince lawmakers to pass legislation that would create transparency in the asbestos bankruptcy trust systems. In an open letter, Mr. Carter urged his Senator, John Kennedy of Louisiana, to support the federal bill Furthering Asbestos Claims Transparency (FACT) Act. Mr. Carter says, "This legislation would expose people cheating the system, while protecting the privacy of those legitimately drawing financial support from the trusts."

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