Honeywell Pushes Asbestos Bill Opposed by Trial Lawyers
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Honeywell International Inc., whose political action committee donates more money than any other corporate PAC, and the U.S. Chamber of Commerce, which spends more to lobby Congress than anyone else, saw long-sought legislation on asbestos claims advance in Congress today.
The legislation, H.R. 982, would impose new disclosure requirements on trusts set up to pay victims of asbestos-related illnesses. The House passed the bill 221-199.