BANKRUPTCY REFORM ACTION TO BE URGED NEXT WEEK
February 20, 2004
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With the recent procedural move by House Republicans attempting to force the issue of bankruptcy reform, without the “traditional” steps in the Senate, it is believed a bipartisan group of Senators will in the next week (Feb. 23) urge Senate Majority Leader Frist (R-Tenn.) to schedule the bill for floor action.
However, this step is unlikely to be successful as many Senate Democrats, including the ranking member on the Senate Judiciary Committee, have indicated the bill must go through committee. Also, recent comments by Senate Minority Leader Daschle (D-SD) about Republicans excluding the minority from conferences/negotiations/the legislative process does not create a high expectation that any such maneuver would be successful.
David P. Goch
Washington Legislative Counsel
Commercial Law League of America
