Number: RS21540
Title: Fairness in Asbestos Injury Resolution Act of 2003 (S. 1125, 108th Congress)
Authors: Henry Cohen, American Law Division 
Abstract: This report summarizes the salient features of S. 1125, 108th Congress, the Fairness in Asbestos Resolution Act of 2003 (or FAIR Act of 2003). It would create a new federal court to award damages to asbestos claimants on a no-fault basis. Damages would be paid by the Asbestos Injury Claims Resolution Fund, which would be funded by companies that have previously made payments related to asbestos claims filed against them, and by insurers of such companies. Asbestos claims could no longer be filed or pursued under state law, except for the enforcement of judgments no longer subject to any appear or judicial review before the date of enactment of the bill.
Pages: 6
Date: Updated September 18, 2003