[Congressional Record (Bound Edition), Volume 147 (2001), Part 2]
[House]
[Page 2538]
[From the U.S. Government Publishing Office, www.gpo.gov]



         DEFEAT H.R. 333, THE SO-CALLED BANKRUPTCY REFORM BILL

  (Mr. KUCINICH asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. KUCINICH. Mr. Speaker, Americans are told do not leave home 
without it. But if you overuse it, you can lose your home, or you can 
lose everything inside your home with it. I am speaking about H.R. 333, 
the so-called bankruptcy reform bill, which is up today for a vote on 
this floor.
  This bill is a direct threat to American consumers and businesses. 
The so-called bankruptcy reform bill will hurt American families in 
financial crisis by subjecting them to an inflexible standard based on 
IRS collection guidelines.
  The bill contains inflexible deadlines, excessive filing 
requirements, which would needlessly force viable businesses into 
liquidation. Had it been law a few weeks ago, it would have made 
impossible the reorganization of LTV Steel in Cleveland, resulting in 
its liquidation at the cost of 5,000 jobs.
  In this bill, protections of household goods against liens have been 
decimated. Home security computers for adult education, firearms even 
for subsistence, hunting could be seized by a business or the IRS 
because of this change.
  Defeat H.R. 333.

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