Washington–Both supporters and opponents of the Senate proposalfor a $140 billion federal asbestos trust fund are pointing to arecent report by the Congressional Budget Office as evidence for oragainst the legislation.
The CBO prepared its report at the request of Senate JudiciaryCommittee Chairman Arlen Specter, R-Pa., as a follow-up to aconsulting firm study of S. 852, which would establish the $140billion trust fund for asbestos exposure victims. The study wasdone 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 itscost estimate."
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