Political Quotes

“Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 2282 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Bankruptcy Venue Reform Act of 2018''. SEC. 2. FINDINGS AND PURPOSE. (a) Findings.--Congress finds that-- (1) bankruptcy law provides a number of venue options for filing bankruptcy under chapter 11 of title 11, United State Code, including place of incorporation, principal place of business and assets, or where an affiliate has filed a case under chapter 11; (2) the wide range of permissible bankruptcy venue options has led to an increase in companies filing for bankruptcy outside of their home States, or the district in which their principal place of business or principal assets are located, a practice known as forum shopping, and has resulted in a concentration of bankruptcy cases in a few districts; (3) bankruptcy forum shopping prevents small businesses, employees, retirees, creditors, and other important stakeholders from fully participating in bankruptcy cases that will have tremendous impacts on their lives, communities, and local economies, and deprives district courts of the United States of the opportunity to contribute to the development of bankruptcy law in their jurisdictions; and (4) reducing forum sho…”