On the recordMarch 9, 2017
The FACT Act requires that a very basic amount of information be released to protect against fraud against the asbestos trust system. I am standing with future victims of asbestos. The diseases associated with asbestos typically don't manifest themselves for decades, in some cases, beyond or after exposure. These trusts are being drained by fraudulent and duplicative claims. These requirements of disclosure prevent that fraud by requiring the minimal amount of information being required. In fact, a judge with 29 years of bench experience testified before the Committee on the Judiciary that the FACT Act provides more protection in terms of confidentiality of records than the legal system is able to do. This is commonsense legislation, does not invade people's privacy, and preserves these trust funds to make sure all victims are compensated. Mr. Chairman, I urge my colleagues to oppose the Jackson Lee amendment. Mr. Chair, I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentlewoman from Texas (Ms. Jackson Lee). The question was taken; and the Acting Chair announced that the noes appeared to have it.
