Political Quotes

“Americans are told do not leave home without it. But if you overuse it, you can lose your home, or you can lose everything inside your home with it. I am speaking about H.R. 333, the so-called bankruptcy reform bill, which is up today for a vote on this floor. This bill is a direct threat to American consumers and businesses. The so-called bankruptcy reform bill will hurt American families in financial crisis by subjecting them to an inflexible standard based on IRS collection guidelines. The bill contains inflexible deadlines, excessive filing requirements, which would needlessly force viable businesses into liquidation. Had it been law a few weeks ago, it would have made impossible the reorganization of LTV Steel in Cleveland, resulting in its liquidation at the cost of 5,000 jobs. In this bill, protections of household goods against liens have been decimated. Home security computers for adult education, firearms even for subsistence, hunting could be seized by a business or the IRS because of this change. Defeat H.R. 333.”