September 21, 2005

The American Legislative Exchange Council, which describes itself as an "association for conservative state lawmakers who share a common belief in limited government, free markets, federalism, and individual liberty" has issued a report claiming that the Fairness in Asbestos Injury Reform Act of 2005 is "fundamentally flawed."

According to the press release, the reform bill fails to set aside enough money in trust to cover anticipated claims, leading to its own insolvency in three years or less.