Washington–Senators opposing legislation that would create a trust fund to remove the settlement of asbestos claims from the court system lost a key vote yesterday.
The 70-27 vote added to growing concern within insurance industry trade groups and insurers lobbying against the measure that the bill, S. 852, has momentum and will likely pass the Senate, probably sometime late next week.
Another key vote for the bill, on a budget point of order, is scheduled for Monday. That vote will require the bill to get 60 votes to keep going. However, given Thursday's strong vote, most industry lobbyists believe it will hurdle that barrier as well.
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