Sen. Feinstein Offers Asbestos Fund Compromise

WASHINGTON (Reuters) - Draft legislation that aims to bridge the gap between competing Senate plans for a U.S. asbestos compensation fund is being circulated by California Democrat Sen. Dianne Feinstein.

The California Democrat's bill assumes a fund of $140 billion to $144 billion, depending on whether existing compensation trusts are brought into the plan, according to a summary sent to Reuters on Friday.

News Source: Reuters | Published: August 18, 2004 | Read Full Story

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