As if the victims of Hurricane Katrina didn’t have enough to worry about, sweeping changes to the nation’s bankruptcy laws are poised to make things even worse. Rep. John Conyers (D-Mich.), along with several other House Dems, introduced a measure last week to offer flexibility for victims of natural disasters in declaring bankruptcy.
Given the circumstances, it seems like a no-brainer. Sure, a similar measure was rejected while the bill was debated on the Hill earlier this year, but that was before we saw what happened to the Gulf Coast, right? This is clearly the kind of common-sense, compassionate measure that can generate bi-partisan support now, right?
The chairman of the U.S. House Judiciary Committee said on Tuesday he had no intention of reopening a sweeping bankruptcy law passed by Congress earlier this year, despite proposals to exempt Hurricane Katrina victims from some of its provisions.
The new, more stringent bankruptcy law will not harm people left “down and out” by the storm, Wisconsin Republican Rep. James Sensenbrenner said.
He said he would not hold a hearing in his committee on a bill by the panel’s ranking Democrat, Michigan Rep. John Conyers, and 31 other Democrats who want to exempt Hurricane Katrina victims from parts of the new bankruptcy law. A chairman’s decision not to hold a hearing usually prevents a House bill form advancing.
Would it be rude to point out that Sensenbrenner is a multi-millionaire, thanks in part to a generous inheritance?