Orrin Hatch: “before you rule on my unanimous consent request, I would like to express my appreciation to both the distinguished…”

“before you rule on my unanimous consent request, I would like to express my appreciation to both the distinguished Senator from Texas and the distinguished Senator from New York, and also the distinguished Senator from Oregon, as well as the distinguished Senator from Connecticut, for working out these various matters. The PRESIDING OFFICER. Is there objection? Without objection, it is so ordered. Amendment No. 25, As Modified The amendment (No. 25), as modified, is as follows: At the appropriate place, insert: SEC. 204. PRESERVATION OF CLAIMS AND DEFENSES UPON SALE OF PREDATORY LOANS. Section 363 of title 11, U.S. Code, is amended by adding at the end the following: ``(p) Notwithstanding subsection (f), if a person purchases any interest in a consumer credit transaction that is subject to the Truth in Lending Act (15 U.S. Code 1601 et. seq.), or any interest in a consumer credit contract as defined by the Federal Trade Commission Preservation of Claims Trade Regulation, and that interest is purchased through a sale under this section, then that person shall remain subject to all claims and defenses that are related to the consumer credit transaction or contract, to the same extent as that person would be subject to such claims and defenses of the consumer had the sale taken place other than under title 11.'' Mr. GRAMM addressed the Chair. The PRESIDING OFFICER. Under the previous order, the Senator from Texas is recognized for up to 5 minutes.”