Blake Farenthold: “I claim the time in opposition to the gentleman's amendment. The Acting CHAIR. The gentleman from Texas is recognized…”

There is a lack of transparency in corporate governance in post-confirmation trusts in general.

It is my distinct pleasure to yield 1 minute to the gentleman from Wisconsin (Mr. Ryan), the sponsor of the bill and my friend, the Speaker of the House.

I think way too many decisions here in Washington are made on anecdotal information and not scientific information.

The FACT Act is designed to require increased transparency to combat fraud committed against asbestos trusts. This amendment strikes the requirement that asbestos trusts publish the very data that is necessary to detect fraud between the…