Gino DiCaro

Californians for absestos litigation reform

By Gino DiCaro, VP, Communications

Capitol Update, June 30, 2003 Share this on FacebookTweet thisEmail this to a friend

Following a week that saw considerable progress on S. 1125 in the Senate Judiciary Committee, we are asking all coalition members to intensify their direct contact with Senator Feinstein's California offices during the July 4th recess (June 30th-July 4th), and continue to urge support for this legislation.

S. 1125 got a new shot of life after several compromises, including an amendment by Senator Feinstein, were accepted in last week’s Senate Judiciary Committee Hearings.

After a full-tilt assault on the bill, compromises were reached regarding medical standards for claimants, and Senator Feinstein introduced an amendment that provides a “contingency funding plan” in case the claims trust runs out of money. Without these amendments, there were doubts as to whether the measure would have stayed alive.

The Feinstein/Kohl amendment is an important compromise. It would not change who contributes to asbestos trust fund, or their initial payment schedule. "Without this amendment, claimants would simply have no opportunity to receive compensation if the Trust Fund runs out of money...And if incidence rates go as predicted, the amendment may not cost defendant companies a dime. If, however, incidence rates do not go as expected, this amendment provides victims a way to recover compensation for their injuries," said Senator Feinstein.
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