Asbestos Bill Headed for Showdown - aftermarketNews

Asbestos Bill Headed for Showdown

Senate Judiciary Committee Chairman Orrin Hatch (R-Utah), has acknowledged that asbestos litigation reform legislation (S1125) as currently drafted is unlikely to gain the necessary 60 votes required to end debate in the Senate. The legislation is a priority of Majority Leader Bill Frist (R-Tenn.), and he is working with high-ranking Democrats in an attempt to develop a compromise bill that will draw the necessary votes to overcome the expected filibuster. Key to the discussion is the amount of money contained in a trust fund to pay claims as well as the size of individual claims.

From From AAIA Capital Report

WASHINGTON — Senate Judiciary Committee Chairman Orrin Hatch (R-Utah), has acknowledged that asbestos litigation reform legislation (S1125) as currently drafted is unlikely to gain the necessary 60 votes required to end debate in the Senate.

The legislation is a priority of Majority Leader Bill Frist (R-Tenn.), and he is working with high-ranking Democrats in an attempt to develop a compromise bill that will draw the necessary votes to overcome the expected filibuster. Key to the discussion is the amount of money contained in a trust fund to pay claims as well as the size of individual claims.

Asbestos litigation relief is a significant issue for aftermarket businesses that have ever manufactured, sold or installed asbestos-containing friction products.

Members are strongly encouraged to continue contacting their senators via AAIA’s Legislative Action Center at: www.aftermarket.org.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

Opus IVS Adds Tech Advancements, Extended ADAS Support

The new Giotto software update offers comprehensive support for MY24 vehicles.

Opus IVS launched the Giotto software's latest iteration, release 22.0, which integrates into its DriveSafe and DrivePro products. The newly enhanced Giotto release offers comprehensive support for MY24 vehicles, along with advanced system coverage across nearly every North American make, the company said. The latest content update brings the entire MY24 range of VW/Audi within reach, complemented by additional ADAS support for GM vehicles. Furthermore, Opus IVS has introduced enhanced EV coverage for GM trucks.

AAM’s Next-Gen Electric Drive Systems on Display at CES

Among the products showcased at CES will be AAM’s electric drive units, e-Beam technology and component technology.

AAM's Next Gen Electric Drive Systems on Display at CES 2024
Shop-Ware Partners with Amazing 7 on Phone Integration

The integration allows repair shop staff members to gain valuable context to incoming phone calls and respond to customers accordingly.

Shop-Ware-Amazing-7-phone-integration
Continental, Synopsys Team Up on Automotive Software Development

The collaboration aims to accelerate the development and validation of software features and applications for the Software-Defined Vehicle.

Epicor Unveils Digital Cataloging, Future Plans

The new catalogs use Epicor-validated, ACES-compliant data and an “Intelligent Search” feature to find the right part quickly.

Epicor digital catalog

Other Posts

Epicor Launches Automotive B2B eCommerce Platform

The Epicor Commerce for Automotive platform features multi-seller support and parts lookups for distributors and their customers.

Epicor commerce for Automotive
Marelli Launches Fuel System for Hydrogen Propulsion Systems

Marelli will present a variety of new technology at the CTI Symposium in Germany, Dec. 5-6.

The Automotive Aftermarket’s Role in a Circular Economy 

Take a deep dive into the factors driving the automotive aftermarket toward a more circular economy.

Circular economy
AI in the Aftermarket: Endless Applications Yet Hurdles Remain

The automotive aftermarket is delving into AI and ways it can help businesses be more productive and effective.