Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, the National Bankruptcy Conference, a nonpartisan organization of lawyers, professors, and judges, opposes the bankruptcy provisions in this bill. According to the Conference, ``the proposed amendments are not likely to achieve their purpose and instead are likely to have pernicious, unintended, and counterproductive consequences.'' The nonpartisan National Bankruptcy Conference explains that ``by granting a preference to holders of oil spill claims at the expense of other innocent and equally deserving creditors, the provisions in this bill represent bad bankruptcy policy.'' Moreover, according to the Conference, one of the effects of the bankruptcy provisions in this bill will be to ``entrench the very management that presided over the spill and led the company into bankruptcy.'' Mr. Speaker, you wonder how anyone can even consider voting for this bill. In short, we should not be rushing these bankruptcy provisions through Congress today. The unintended consequences will be severe, as the National Bankruptcy Conference just told us. Mr. Speaker, I reserve the balance of my time.”