Political Quotes

On the recordApril 20, 1994
Congress is currently considering one of the most comprehensive cases of anticrime legislation, and that is consistent with what all of us are hearing from our constituents on a daily basis: Enact tough but fair legislation so that those who commit acts without regard to their consequences will realize there is a price to pay for injuring society. That is why we in this body included tough bankruptcy antifraud legislation as part of the crime bill. While the other body has chosen not to include this bankruptcy fraud prevention provision in its crime bill, it is my hope that we will somehow see to it that these measures ultimately are passed. The comprehensive bankruptcy legislation we are today considering is a solid bill that will result in beneficial reform of a system that all agree is in need of repair. That is why I am a cosponsor of this bill. That is why I will vote for its passage, and, as I indicated in my initial statement, Mr. President, why I congratulate and applaud the managers of this bill and the Judiciary Committee for moving this legislation. The amendment that I am offering today compliments the bankruptcy bill, and comports with the tough antifraud sentiments expressed by so many of our constituents. My amendment eliminates the fraud and abuse caused by serial filings in chapter 13 proceedings by limiting the number of petitions a debtor may file to once every 3 years.
Said by
Harry Reid
Democratic · Nevada

Editor's note · Context

Discussing the inclusion of bankruptcy antifraud legislation in anticrime measures.

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