FAIR Act of 2005

[AI summary unavailable — showing source text] Fairness in Asbestos Injury Resolution Act of 2005 or the FAIR Act of 2005 - Establishes within the Department of Labor the Office of Asbestos Disease Compensation, to be headed by an Administrator responsible for processing claims for compensation for asbestos-related injuries and managing the Asbestos Injury Claims Resolution Fund (Fund) (established within such Office). Requires the Administrator to: (1) establish an Advisory Committee on Asbestos Disease Compensation; (2) establish a Medical Advisory Committee; (3) establish a comprehensive asbestos claimant assistance program that includes legal assistance; and (4) appoint physicians to claim-specific Physicians Panels. Stays all asbestos claims pending on the date of enactment of this Act (except for specified civil actions already at trial). Sets forth special procedures for the settlement of exigent health claims. Allows non-exigent claims to proceed in Federal or State court if the Fund is not certified as operational within 24 months of enactment. Establishes: (1) procedures for handling claims of asbestos-related disease and injury; (2) occupational exposure presumptions; (3) medical evidence auditing and review procedur…