Political Quotes

On the recordApril 22, 2009
The current preemption clause insulates assignees from liability for their own conduct if it is not under the rubric of fraud.
Said by
Russell Waters
Democratic · California

Editor's note · Context

Highlights a potential issue with the bill's preemption clause regarding assignee liability.

Share & report

More from Russell Waters

Dec 12, 2023

The United States had a long-standing bipartisan policy to explicitly exclude certain humanitarian activities from sanctions restrictions.

congress.gov
Mar 19, 2024

I am still mourning about the loss of that at the hands of two Democrats on the Senate side.

congress.gov
Apr 9, 2024

Neither Congress nor our regulators can ignore the impact of the climate crisis on the financial system.

congress.gov
Feb 5, 2024

if there had been adequate capital at Silicon Valley Bank, we could have aborted what took place in the way that it did.

congress.gov

Other voices in this conversation