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For Immediate Release
May 4, 1999
#99-53
| Editors, Reporters:
America's Community Bankers has urged the House Rules
Committee to expedite House consideration of H.R. 833, the
bankruptcy reform bill, because it will "encourage a reduction
in the number of bankruptcy filings by reducing the incentive
to file." ACB said the bill achieves this objective with the
"needs-based" system that requires debtors who have the
ability to repay all or a portion of their debt obligations to
do so.
ACB recommended that the Rules Committee approve a rule
that limits the number of amendments that members on each side
of the issue will be permitted to offer.
A copy of the letter to all members of the House Rules
Committee is linked
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