WASHINGTON--Sen. Arlen Specter introduced a revised versionFriday of his legislation aimed at limiting asbestos injurylitigation by creating a special $140 billion fund for claimants,nearly a third of it financed by insurers.
The Pennsylvania Republican demanded prompt Senate action on themodified measure, which replaces a version that hit oppositionearly in the year and failed to move.
Discussing the bill that would set an alternative claimshandling process for asbestos suits, he said, "I plan on movingahead with this bill and will do everything in my power to see thatthe Senate finishes its business on asbestos reform [thisyear]."
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