U.S. House Panel Approves Asbestos 'Double-Dipping,' Litigation Reform Bills

Forbes
Jessica Karmasek

The U.S. House Judiciary Committee approved the Furthering Asbestos Claims Transparency (FACT) Act, which would increase the transparency of the asbestos litigation and trust systems, on Feb. 15, 2017. “The FACT Act requires bankruptcy trusts to be transparent like other courts. This will ensure deserving victims receive the maximum relief for their illness and injuries, while preserving privacy protections, and weeding out bad actors who would take advantage of the system," House Judiciary Chairman Bob Goodlatte (R-VA) said.

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