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Article: Asbestos bill blocked in Senate; Legislation would create trust fund to help manufacturers settle lawsuits.(Automotive Service)
- Article from:
- Tire Business
- Article date:
- February 27, 2006
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Miles Moore
Senate opponents of an asbestos settlement bill narrowly managed to block a vote on the Senate floor, though the legislation's supporters vow to bring it back before the session ends.
The bill would create a $140 billion trust fund to settle thousands of asbestos-related lawsuits. The Senate failed by two votes to overide a filibuster on the legislation. Senate Majority Leader Bill Frist, R-Tenn., switched his vote from "yes'' to "no'' in a procedural move that would allow him to bring the bill back for reconsideration. Another supporter, Sen. Daniel Inouye, D-Hawaii, was absent because his wife was ill.
As many as 80 ...