9/20/00
Senator Lott Introduces Republican Revised Bankruptcy Reform Bill
On September 14th, Senate
Majority Leader Lott (R-MS)introduced S.3046, a Republican revised bankruptcy
reform bill (interestingly, the Congressional Record announced the bill only as
one to "amend title II [Roman numeral 2) of the US Code).
The
bill was immediately placed on the Senate legislative calendar. The bill, which can be accessed at http://thomas.loc.gov/cgi-bin/bdquery/z?d106:s.03046,
consists of Republican endorsed provisions and appears to closely follow HR 833,
but does include Sen. Schumer's (R-NY) abortion clinic violence, a Democrat
"must", but also contains language allowing an individual to waive protection of
his/her pension. The bill also has
no tax break or minimum wage increase (the latter also arguably being a Democrat
"must").
There has been no scheduled
floor time for the legislation.
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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.