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Asbestos Bill Will Have Its Day, But Chances Of Passing Are Slim; Specter's liability deal faces opposition from both sides of the aisle.(A)
Byline: SEAN HIGGINS
After more than two years of wrangling, the Senate is set to vote next month on a major $140 billion bill to resolve the asbestos litigation crisis. But insiders say the bill's chances are iffy at best.
Senate Majority Leader Bill Frist, R-Tenn., has pledged that a vote on the Fairness in Asbestos Injury Resolution Act will be one of the first items of business when the Senate reconvenes in January.
"Of all of the items which could provide an economic stimulus to the U.S. economy, I think asbestos reform would be the most important," Sen. Arlen Specter, R-Pa., co-author of the bill, told the Chamber of Commerce last month. But he conceded, "It is going to be a battle."
Just A Bill On Capitol Hill
The bill narrowly passed the Senate Judiciary Committee back in May and has languished on the Senate calendar ever since.
"The fact that they've held it on the Senate floor until now tells you something," said a Senate aide to a Republican involved in the bill's crafting.
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