Issues
Consumer Protections Bankruptcy System
For many years, so-called
bankruptcy "reform" legislation has been before
the Senate. I have consistently opposed such legislation,
not because I believe the bankruptcy system is perfect and
should not be reformed, but because the reform bill that has
been proposed is unfair to consumers who, because of serious
illness, divorce, or job loss, are unable to pay their debts
and need the protection of the bankruptcy system.
Amending the bankruptcy code used to be a nonpartisan exercise,
where the Congress listened to experts - such as practitioners,
law professors, judges and trustees - and made careful, considered
judgments about how the law should work. Unfortunately, the
legislative effort that has now gone on for six years has
been much different. Big banks and credit card companies have
been calling the shots and even though the bill is strongly
opposed by the vast majority of bankruptcy law experts, it
has come close to being enacted.
I will continue to oppose unfair bankruptcy reform legislation.
I believe that we can prevent abuses of the system without
enacting a bill that will harm the most vulnerable people
in our society.
For more information on my concerns about bankruptcy reform
legislation, click here.
In the wake of Hurricane Katrina I introduced S.1647,
the Hurricane Katrina Bankruptcy Relief and Community Protection
Act of 2005. This legislation ammends the Chapter 11 Bankruptcy
code to provide relief for victims of Hurricane Katrina and
other natural disasters. This bill eased bankruptcy guidelines
for Americans who are forced to file for bankruptcy due to
natural disasters that are out of their control.
Restoring
Competition to the Radio and Concert Industry
Protecting
the Bankruptcy System
Eliminating
Mandatory Arbitration Clauses In Consumer Contracts
Related:
Health
Care - Making Prescription Drugs More Affordable for Seniors
Consumer
Protections Main |
