Pete Sessions: “I will briefly say in response to the comments made by the distinguished senior Senator from Massachusetts that this is…”

“I will briefly say in response to the comments made by the distinguished senior Senator from Massachusetts that this is a fair and balanced bill. It does a number of good things to help those who have financial difficulties. It closes loopholes and ends unfairness in provisions that are being abused and making a mockery out of legitimate bankruptcy law. For example, children or those who are eligible to receive child support and alimony are raised to the highest possible level, even above attorney fees and trustee fees in bankruptcy. They are the highest possible level. If an individual owes a number of debts and one of those is for child support, the child support is to be paid first. There is nothing in this bill that is harsh. Any American making below the median income level will fundamentally find their bankruptcy filing procedure under the needs-based rule has not changed. It is only for those who make above the median income that a question will be raised as to whether or not they can pay back some of their debts.”