On the recordMay 5, 1999
I want to address the gentlewoman from New Jersey, whose concern about bankruptcy is well-known and remembered from the last Congress. I read to her the first paragraph of the National Women's Law Center letter sent to me only 2 weeks ago which says that "The bankruptcy bill, H.R. 833, puts economically vulnerable women and children at greater risk. By increasing the rights of certain debtors, including credit card companies and secured creditors, the bill would set up a competition for scarce resources between parents and children owed child support and commercial creditors both during and after bankruptcy. And single parents facing financial crises--often caused by divorce, nonpayment of support, loss of job, uninsured medical expenses or domestic violence--would find it harder to access the bankruptcy process and harder, if they got there, to save their homes, cars and essential household items." This is a nonpartisan organization. I urge the Members to carefully consider what we are doing to our women and children.
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