Ronald Reagan: “This amounts to a private bankruptcy law, which is beyond the…”

On the recordNovember 13, 1986

This amounts to a private bankruptcy law, which is beyond the Congress' constitutional authority to enact.

Said by

Republican · California

Source

Statement on Signing the Bill Amending the Declaration of Taking Act

More from Ronald Reagan

Jan 17, 1989

Let us always take with us the spirit of vision, skill, and excellence.

Jun 5, 2004

I am not going to exploit for political purposes my opponent's youth and inexperience.

May 13, 2003

America is the shining city on the hill. Welcome all who enter to follow their dreams.

Jan 18, 1989

America's freedom does not belong to just one nation.

Other voices in this conversation

Ronald Reagan: “This amounts to a private bankruptcy law, which is beyond the Congress' constitutional authority to enact.”