I am prepared to extend the statute retroactively to make the same law that is operable at the present time, no limitations, no changes, just extend it retroactively. We have the right under the court's decisions to extend the statute retroactively. I am prepared and will tell my staff to present you with a bill before the afternoon is over to extend it retroactively. If you will join with me, I will go to the majority leader, and I would hope you would go to the minority leader, and I think we can pass that piece of legislation--it would be very simple--yet this afternoon.
Howard Metzenbaum: “I am prepared to extend the statute retroactively to make the same law that is operable at the present time, no…”
Editor's note · Context
Metzenbaum discusses extending a statute retroactively and seeks bipartisan support for legislation.
Share
More from Howard Metzenbaum
There is no question that it is a controversial amendment. But it has to do with the fact that the Supreme Court in one fell swoop the other day totally eliminated the obligation and liabilities of accountants, lawyers, and all those who…
The Senator from New York has been righteously proclaiming a passionate belief that the statute of limitations should be extended in order to recover taxpayer losses in the Madison Guaranty failure. That is a terrific joke. I compliment…
If the Senator from West Virginia assures us he will do the best he can that it will remain in, that is satisfactory.
The net result would be that the statute of limitations with respect to all savings and loans would be extended at least until December 31, 1995, or ending on the date of the termination of the corporation, whichever is later. I think this…





