12/7/00
Daschle Predicts Veto Proof Passage of Bankruptcy Reform Bill Unlikely
Senate Minority Leader Daschle (D-SD) predicted yesterday that the bankruptcy reform bill, H.R. 2415, would pass the Senate today, but without the 2/3 necessary to override a veto. In fact, Daschle, who did vote to invoke cloture, announced he would vote against the conference report.
Regarding Senator Wellstone's (D-MN) continued support, during the debate yesterday, during his floor speech, he indicated that a majority of Senate Democrats opposed the measure, and that he is convinced "we'll get the 34 votes to sustain the veto". Wellstone went further and called the legislation "sham reform".
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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.