Chuck Grassley: “I remind all my colleagues what we are voting for and on. The most fundamental question we face with this bill is…”

“I remind all my colleagues what we are voting for and on. The most fundamental question we face with this bill is whether or not people should repay their debts. This bill says that when someone can repay their debts, they are not going to be able to take the easy way out. This bill will end the free ride for wealthy freeloaders and deadbeats who walk away from their debts and pass the bill on to the rest of us, to the consumers, who are honest and who should not pick up the tab for those who are not. We have a real bankruptcy crisis in need of action. This bill does it without violating the principle that people who are entitled to a fresh start have that fresh start. As a result of an amendment offered by Senator Torricelli and myself, this bill contains the most sweeping, wide-ranging set of consumer protections the Senate has enacted in a long time. Those of us from farm country have an extra reason to vote for this bill since it contains crucial protections for family farmers who may face bankruptcy due to low commodity prices.”