Introduced in the House on April 28, 2011, to limit the liability of a company that had acquired another company which may have produced or sold asbestos in the past. The bill would prohibit a court from imposing asbestos damage judgments that exceed the value of the acquired company. Under current law a court can order damages up to the value of the entire enterprise, even if the acquired subsidiary represents only a small part of the overall firm's value
The vote was 62 in favor, 46 opposed and 0 not voting
(House Roll Call 57 at House Journal 0)Click here to view bill details.