Thursday, June 29, 2006

A Blow to the Asbestos Bill

Interesting Hill piece:

Douglas Holtz-Eakin delivered a significant blow against the effort to revive asbestos-reform legislation when he testified earlier this month that a cost assessment of the measure he had provided in November as director of the Congressional Budget Office (CBO) was unrealistic.

* * *

At the beginning of this year, Holtz-Eakin became the head of a think tank funded by a foundation set up by one of the biggest opponents of the asbestos-reform bill, American International Group, an insurance giant better known by its acronym AIG.

AIG is one of several entities that have poured tens if not hundreds of thousands of dollars into an effort to defeat the asbestos reform bill, according to internal industry documents.

* * *

Specter said at the hearing that there was “a 180-degree difference” between what Holtz-Eakin estimated the program would cost as CBO director and his subsequent comment that its cost was highly uncertain. The first time Holtz-Eakin testified it was at Specter’s invitation as CBO chief. The second time he was invited by an opponent of the bill, though it is unclear which member sought his testimony.

http://lawprofessors.typepad.com/tortsprof/2006/06/a_blow_to_the_a.html

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Comments

Read more news and articles about Asbestos and silica reform.· Asbestos and silica reform was signed into law by Governor Rick Perry in separate Houston and Beaumont ceremonies .Also read comments by Texans for Lawsuit Reform Chairman Mr Dick Weekley DICK WEEKLEY

Posted by: Shawn Henry | Jul 2, 2006 10:14:57 PM

Read more news and articles about Asbestos and silica reform.· Asbestos and silica reform was signed into law by Governor Rick Perry in separate Houston and Beaumont ceremonies .Also read comments by Texans for Lawsuit Reform Chairman Mr Dick Weekley DICK WEEKLEY

Posted by: Shawn Henry | Jul 2, 2006 10:16:05 PM

I came across this another news article which anyone interested in Asbestos Litigation would love to read.Anyone out there searching for information on Asbestos Litigation also make it a point to read this.
· "TLR PROPOSES FAIR SOLUTION TO ASBESTOS LITIGATION

Posted by: Shawn Henry | Jul 2, 2006 10:30:59 PM

Faced with the same problems as STATE, the Texas legislature took action in 2003, and passed some sweeping tort reform legislation that has made a huge impact in the state, allowing physicians to operate outside of a lawsuit lottery environment. One of the chief proponents for the tort reform movement in Texas is Dick Weekley, co-founder of Texans for Lawsuit Reform. For more info, check out this website: http://www.dickweekley.org/

Posted by: John Young | Aug 30, 2006 9:38:04 AM

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