Have you read our latest article on the so-called FACT Act? The bill was first introduced into the U.S. House of Representatives back in 2014, passed the House, and was stalled in the U.S. Senate. It has made a return to the current session of Congress and continues to threaten justice to exposure victims.
This so-called Furthering Asbestos Claim Transparency Act (FACT Act) does two things:
- Requires the private asbestos bankruptcy trust funds to reveal on a public website detailed personal and private information about all of the asbestos victims and family members who make a claim against the trust after the bill is enacted.
This information would include partial Social Security numbers, work and asbestos exposure history, and medical diagnoses.
- Provides non-bankrupt asbestos company defendants with access to any and all documents they request of the private asbestos trust funds.
This would include all information asbestos victims and their families have provided to the trusts in order to make a claim. This applies to all claims, regardless of when the claim was made.
Bottom line: The asbestos companies behind this bill want personal information to be made public to discourage victims from holding them accountable, but they want to keep their corporate wrongdoing secret as they have for almost a century. This is the ultimate insult to families whose loved ones have died or are dying from asbestos-related diseases.
The Asbestos Disease Awareness Association is also monitoring the activity of the FACT Act closely on their website. Check back to our blog for more information as the situation evolves.