Chuck Grassley: “I hope a vote of 84 to 15, or something like that, tells you what a good piece of legislation we had. But in regard to…”

“I hope a vote of 84 to 15, or something like that, tells you what a good piece of legislation we had. But in regard to bankruptcy, to allay anybody's fears about what bankruptcy legislation does, even at a time when we are in the midst of a war on terrorism, and we have had an economic downturn because of that terrorist activity, anybody who cannot pay their debt will still be able to go into bankruptcy. What we are trying to do through this bankruptcy reform legislation that is now in conference between the House and the Senate is for those who have the ability to repay--who under present law can go into chapter 7 and get off scot-free--will have to pay. We are talking about people with the ability to repay their debts and who are gaming the system to get away with financial murder. They are not going to be able to do that anymore.”