Washington–Both supporters and opponents of the Senate proposal for a $140 billion federal asbestos trust fund are pointing to a recent report by the Congressional Budget Office as evidence for or against the legislation.
The CBO prepared its report at the request of Senate Judiciary Committee Chairman Arlen Specter, R-Pa., as a follow-up to a consulting firm study of S. 852, which would establish the $140 billion trust fund for asbestos exposure victims. The study was done by the Washington-based firm of Bates White LLC.
In its analysis, the CBO found that the Bates White Report "contains no new information that would cause CBO to revise its cost estimate."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
