A bill in the Louisiana Senate that could provide some financial relief to victims of Chinese drywall
in that state has been diverted to another committee. According to the Associated Press, the move followed revisions to some key components of the Chinese drywall bill.
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Homeowners in at least 18 states have complained that fumes from Chinese-made drywall produce a “rotten eggs” odor and cause metals, such as air conditioning coils, to corrode. The fumes have also been associated with respiratory and sinus problems in some residents. According to a recent Wall Street Journal article, the U.S. imported roughly 309 million square feet of drywall from China during the housing boom from 2004 to 2007. In Louisiana, many homeowners who had to be rebuild following Hurricane Katrina have discovered that the tainted drywall was used in their homes.
Last month, the Environmental Protection Agency (EPA) released results of tests it conducted that compared Chinese drywall to American-made material. The tests found sulfur and two organic compounds associated with acrylic paint in the Chinese drywall that were not present in the American wallboard. The agency said more testing is needed to determine if any of the compounds found in the Chinese drywall are responsible for problems reported by homeowners.
As we reported last week, the original version of the Louisiana Chinese drywall bill would have allowed homeowners to sue for 100 percent of their damages, plus attorneys fees from either the manufacturer, distributor, or seller of the contaminated drywall. Right now, Louisiana law only allows homeowners to be compensated partially by each. Critics had claimed that the litigation allowed under the proposal could bankrupt some businesses. Others asserted that it isn’t fair to sue those companies who didn’t know the materials they purchased from China were toxic.
Chocolat move Breathless trailer The bill has now been rewritten to delete the litigation provisions. The new proposal calls for homeowners with the drywall to be reimbursed by the state, with tax credits for the cost of the drywall, the Associated Press said.
The original Chinese drywall bill had been approved by the Senate Judiciary committee. But because of the revisions, it has now been diverted to the Revenue and Fiscal Affairs Committee, which considers all tax bills, the Associated Press said.
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June 11th, 2009 at 12:18 pm
What about people like myself who are already extended as far as credit goes and already have two mortgages. How am I suppose to upfront the funds to yet again fix my home. What about the elderly who live on social security checks? How are they suppose to come up with the extra funds to remedy their homes? Someone needs to pay homeowners like myself. The funds need to be upfronted. After all, I already took out another loan with SBA to gut and fix my home after Katrina. How can I afford a third loan? Not many people can aford a third loan especially in this economy. Additionally, the ASTM C36 drywall was discontinued in in December 2006. The companies who sold this drywall should not have been selling it in the first place. It should have been pulled from the shelves but instead companies got greedy. In addition to being reimburesed for the funds they paid for the drywall, they turned around and sold it at a discounted price and almost doubled their profits.
Correct me if I’m wrong, but when materials are discontinued, aren’t companies reimburesed their costs and/or material with up to code material?