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West Virginia Senate Passes Asbestos Bankruptcy Trust Claims Transparency Act

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The West Virginia Senate on Friday passed Senate Bill 411, which creates the Asbestos Bankruptcy Trust Claims Transparency Act and the Asbestos and Silica Claims Priorities Act, the Huntington (W. Va.) News reported on Saturday. The bill, which was sponsored by Senator Tom Takubo (R) establishes legal standards and procedures for the handling of certain asbestos and silica claims. Additionally, the bill establishes medical criteria procedures, statute of limitations standards, and requires disclosure of existing and potential asbestos bankruptcy trust claims. “As a pulmonary doctor, I’m pleased that the Senate voted today with full bipartisan support to protect funds for West Virginians who are affected by asbestos-related injuries,” Senator Takubo said. “We must ensure funds are healthy five to 10 years from now to help pay for medical bills and family expenses, and this legislation will allow us to do that.”