11/27/00
Bankruptcy Update
Senate Majority Leader Lott (R-Miss.) is still indicating he intends to bring up bankruptcy reform legislation for another cloture vote before the session ends; it being the last legislative business this session. Prior to adjourning until December 5th, House leaders pulled from their schedule H.R. 5539, extending Chapter 12 bankruptcy protection temporarily. The legislation was pulled apparently because House Judiciary Committee members opposed it going forward since it did not contain the temporary judgeships that were included in an earlier version of the Chapter 12 extension which was approved by the House.
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TMA is committed to providing the most recent legislative actions affecting the corporate renewal industry. The following updates are provided by TMA's Legislative Consultant, David P. Goch, of Webster, Chamberlain & Bean in Washington, DC. Please contact David at dgoch@wc-b.com or (202) 785-9500 for more information or specific questions about the legislative information provided below.