What: All Issues : Housing : Preventing Bank Foreclosures on Homes : HR 975. Bankruptcy Reform/Vote on a Democratic Substitute Measure Which Would Maintain Bankruptcy Protections for Individuals in Debt. (2003 house Roll Call 72)
 Who: All Members
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HR 975. Bankruptcy Reform/Vote on a Democratic Substitute Measure Which Would Maintain Bankruptcy Protections for Individuals in Debt.
house Roll Call 72     Mar 19, 2003
Progressive Position:
Yea
Progressive Result:
Loss

Republicans were eager to make major changes to the bankruptcy law, which they felt made it too easy for debtors to file for bankruptcy without major repercussions. They proposed a bill that would force bankruptcy filers with more assets to file under Chapter 13, which provides those assets with less protection from creditors. Progressives felt this change benefited credit card companies alone, and that these companies should stop encouraging consumers to go into debt and start assessing credit risks more carefully. Nadler (D-NY) proposed a substitute version of the bill that would soften the means test and protect forms of income such as health insurance, child support, and alimony payments. The substitute also made it more difficult for abortion protesters to use bankruptcy as a way to avoid fines for their actions. Progressives supported the substitute as a less draconian reform, but it was voted down 128-296, with numerous Democrats crossing party lines.

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