NY Sen. Charles Schumer Rallies to Block FACT Act in Senate

U.S. Senator Chuck Schumer of New York launched his effort to block proposed legislation that would call for new, stiffer requirements for those seeking compensation from asbestos trusts. Schumer, a Democrat and member of the Senate Finance Committee's subcommittee on Health Care, said the Furthering Asbestos Claims Transparency (FACT) Act of 2016, which recently passed in the U.S. House of Representatives, would unfairly target military veterans. He vows to stop it from getting through the Senate. "This is plain wrong," Schumer said during a conference call with reporters earlier this week. "I'll go to the mat to see that it doesn't happen." The FACT Act merged this year with a larger bill. The new proposal is called the Fairness in Class Action Litigation and Furthering Asbes...

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