The U.S. House of Representative passes the FACT ACT
Today there was an update on the debate in Washington D.C. This week there was a debate whether to put up a bill to reduce on going fraud in asbestos trusts. The FACT Act or The Furthering Asbestos Claim Transparency Act aims for asbestos victims from filling multiple claims for a single injury from the asbestos trusts. As a result, today was announced that the bill passed. According to madisonrecord.com this means, that the legislitaion HR 982 would require asbestos personal injury settlement trusts authorized by federal bankruptcy law to disclose information on their claims on a quarterly basis and respond to information requests from parties to asbestos litigation.In addition, HR982 also would require the trusts to file public reports providing information with each claim for compensation they receive and would require the trusts to provide information about claims to parties in an asbestos suit upon request. Those who are oppose of this bill, are concerned of their privacy because personal information will be displayed publicly. Opponents of the FACT Act are also concerned that they might be victims of identity theft. Those who voted for the bill to pass, say that this act will prevent any further fraud. What is your opinion of the FACT Act?
Asbestos can cause four seriousdiseases that include mesothelioma, asbestos related lung cancer, asbestosis and pleural thickening. If you think your home or building contains asbestos, it is important to seek professional assistance. Alliance Environmental is a licensed asbestos removal company with extensive experience in properly containing the asbestos, complete decontamination of the site, and lawful disposal of the contaminated materials.