Orrin Hatch: “let me begin by saying that H.R. 2415 is one of the most important legislative efforts to reform the bankruptcy laws in…”

“let me begin by saying that H.R. 2415 is one of the most important legislative efforts to reform the bankruptcy laws in decades. I would like to express my thanks to the people who have worked on this legislation. First, I want to acknowledge the Majority Leader, who has worked diligently to keep this legislation on its course. Thanks to his commitment to moving this legislation, we are in a position to eliminate the abuses in the current bankruptcy system, while at the same time, enhance consumer protections. I also want to acknowledge the Ranking Member of the Senate Judiciary Committee, Senator Leahy, who has worked with me to reach agreement on many of the bill's provisions. In addition, I want to commend my colleagues, Senators Grassley and Torricelli, the Chairman and ranking minority member of the Subcommittee on Administrative Oversight and the Courts, respectively, for their hard work in crafting this much needed legislation, and for their unrelenting commitment to making the development and passage of this bill a bipartisan process. My thanks also goes to Senator Sessions and Senator Biden, who have shown unwavering dedication to accomplishing the important reforms in this bill; and the many other members of the Senate for their hard work and cooperation.…”