Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. The overriding principle of the bankruptcy system is to give people who are overwhelmed with unmanageable debt a fresh start through meaningful financial relief. The Bankruptcy Code, either directly or indirectly, affects millions of Americans, and all types of businesses, from large to small. The system is supposed to work for everyone, from consumer debtors and small business owners, to family farmers, servicemembers, and veterans, and give them a new pathway to economic prosperity. But as we have heard during a recent oversight hearing held by the Subcommittee on Antitrust, Commercial, and Administrative Law, the bankruptcy system is not working. In light of these concerns, the House Judiciary Committee unanimously passed four bipartisan pieces of legislation to address this concern. These include H.R. 2938, the Honoring American Veterans in Extreme Need Act of 2019, or the HAVEN Act. This legislation, which has been championed by my colleague on the committee, Congresswoman Lucy McBath, addresses a fundamental unfairness in current bankruptcy law that affects veterans receiving disability benefits.…”