The Coalition for Asbestos Reform (CAR) is continuing to advocate against the creation of a federal trust fund for asbestos litigation claims, referred to as the Fairness in Asbestos Injury Resolution Act.

Citing the recent testimony of former Congressional Budget Office director Douglas Holtz-Eakin, the Coalition said creating the fund would result in failure and could have disastrous consequences for smaller and medium-sized businesses that face asbestos liability. According to CAR, many businesses do not realize the impact of $140 billion in taxes that the legislation would require, though at press time there were pending changes to the proposed legislation that might limit these amounts.

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