LEXIS-NEXIS® Congressional Universe-Document

LEXIS-NEXIS® Congressional

2000 CIS S 43113

TITLE: Protecting Pension Assets

CIS-NO: 2000-S431-13
SOURCE: Committee on Health, Education, Labor, and Pensions. Senate
DOC-TYPE: Hearing Retrieve the full text of testimony
DOC-NO: S. Hrg. 106-524
DATE: Apr. 13, 2000
LENGTH: iii+55 p.
CONG-SESS: 106-2
ITEM-NO: 1043-A; 1043-B
SUDOC: Y4.L11/4:S.HRG.106-524
CIS DOCUMENT ON DEMAND: 1-800-227-2477 (Full Text Reproductions)

SUMMARY:
Hearing to consider H.R. 833, the Bankruptcy Reform Act of 2000, to revise Bankruptcy Code provisions applicable to individual debtors, focusing on provision requiring individuals to waive their exemption in pension assets before or during bankruptcy.

Supplementary material (p. 33-55) includes witnesses' written statements and correspondence.

CONTENT-NOTATION: Bankruptcy laws applicable to individual debtors, pension assets waiver estab

BILLS: 106 H.R. 833

DESCRIPTORS:
    BANKRUPTCY; CONSUMERS; PERSONAL AND FAMILY INCOME; PERSONAL DEBT; FINANCIAL REGULATION; PENSIONS; BANKRUPTCY REFORM ACT

00-S431-13 TESTIMONY NO: 1     Apr. 13, 2000 p. 8-13

WITNESSES (and witness notations):
   KRAMERICH, LESLIE B. (Acting Assistant Secretary, Pension and Welfare Benefits Administration)

STATEMENT AND DISCUSSION:
   Opposition to H.R. 833 waiver provision.

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, pension assets waiver estab

TESTIMONY DESCRIPTORS:
   PENSION AND WELFARE BENEFITS ADMINISTRATION

00-S431-13 TESTIMONY NO: 2     Apr. 13, 2000 p. 13-20, 36-45

WITNESSES (and witness notations):
   MARKELL, BRUCE A. (Professor, Law, William S. Boyd School of Law, University of Nevada, Las Vegas)
   TIERNEY, VIRGINIA L. (Board Member, AARP)

STATEMENTS AND DISCUSSION:
   Viewed threat posed to retirement savings by H.R. 833 provisions, including waiver provision.

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, pension assets waiver estab

TESTIMONY DESCRIPTORS:
   AARP

00-S431-13 TESTIMONY NO: 3     Apr. 13, 2000 p. 21-32

WITNESSES (and witness notations):
   MACEY, SCOTT J. (Senior Counsel, Actuarial Sciences Associates; representing ERISA Industry Committee)
   BURMEISTER, NED (President and Chief Operating Officer, Trustar Retirement Services)
   RAY, JAMES S. (attorney, representing AFL-CIO)

STATEMENTS AND DISCUSSION:
   Arguments against H.R. 833 waiver provision.

CONTENT NOTATION:
   Bankruptcy laws applicable to individual debtors, pension assets waiver estab

TESTIMONY DESCRIPTORS:
   ERISA INDUSTRY COMMITTEE

LOAD-DATE: July 6, 2001