Political Quotes

On the recordNovember 13, 2013
I appreciate the chairman yielding. Mr. Chairman, I have great respect for Mr. Conyers. He has been my chairman and is now my ranking member. I, too, see this as a very simple proposition. However, I have a different point of view. I believe that sunshine is the best disinfectant, and I think that light can expose things that need to be exposed; and that is, really, the essence of this bill. This bill is about transparency. It is about revealing how much people are being paid in a claim. America is a country that helps deserving people in their time of need, and for that reason, when we had tens of thousands of asbestos exposures which caused serious injury and death, a trust fund was specifically set up to compensate those individuals whose health had been harmed. However, as with almost anything we establish, there are those that would take advantage, there are those who would commit fraud, there are those who would abuse it. And that is the case here. There have been inconsistent claims. Trust fund money has been diverted from these victims and from future victims to where it should properly go--to those people that truly could demonstrate health needs. Instead it went, in many cases, to the undeserved. Don't take my word for it. An article published by The Wall Street Journal just this past March revealed that nearly half of all trusts have reduced payments to new victims at least once since 2010, partly in an effort to preserve assets for future victims.…
Said by
Spencer Bachus
Alabama

Share

More from Spencer Bachus

Jun 17, 2014

Wouldn't it be a better approach to say, 'Take all that out, and then send it to us?'

congress.gov
Jul 16, 2014

Consumer fraud is real. Go after that, not after an archery store.

congress.gov
Jul 16, 2014

Those left on the short end can often be the people who have the greatest difficulty in getting any credit at all.

congress.gov
Jun 17, 2014

Thank you for the billions of dollars' worth of refunds that you have gotten for the American people. I do appreciate that.

congress.gov

Other voices in this conversation