I speak as someone who had hoped to support a bipartisan measure to deal with a problem of increasing bankruptcies in America. But I am disappointed in the result of this bill. Specifically this bill would undermine the Texas constitutional protection for family homesteads. It is disappointing to me that in a Republican-led Congress that has paid a lot of lip service to the concept of States' rights, this bill would run roughshod over the States' rights and the property rights of Texas and 5 other States: Florida, Kansas, Oklahoma, Minnesota and South Dakota. Mr. Speaker, there can be no more personal property right that a State can try to protect than the right of one's own home, and I am deeply disappointed that the leadership in this House refused to recognize our 6 States' efforts to protect that important property right. Let me say also, if this bill is about personal responsibility, it misses the mark because nowhere in it do I find any effort to ask multibillion dollar credit card companies to face their responsibility for having increased consumer debt by billions of dollars through unsolicited credit card mailings and through unsolicited increases in credit card limits.
Editor's note · Context
Addressing concerns about a bankruptcy bill and its impact on state property rights.
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