[JURIST] US Senator Arlen Specter [official website], chairman of the Senate Judiciary Committee and co-author of a bill to create a $140 billion asbestos compensation fund, said Tuesday that he hoped the Senate would take up the legislation in early October. Specter had called for a vote before the August recess [JURIST report], but the Senate adjourned before considering the Fairness in Asbestos Injury Resolution Act of 2005 [PDF text]. The legislation would end asbestos injury lawsuits and would instead pay claims from a privately financed fund. Reuters has more.
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