[Congressional Record (Bound Edition), Volume 148 (2002), Part 14]
[Senate]
[Page 19751]
[From the U.S. Government Publishing Office, www.gpo.gov]




               A HOLD ON EXTENDING CHAPTER 12 BANKRUPTCY

  Mr. GRASSLEY. Mr. President, I would like to inform my colleagues 
that I have requested to be notified of any unanimous consent agreement 
before the Senate proceeds to the consideration of H.R. 5472 or any 
other legislation extending chapter 12 bankruptcy. While I am a strong 
supporter of chapter 12--in fact I was the author of chapter 12--I 
believe that these changes should be enacted as part of the 
comprehensive bankruptcy reform conference report, which includes 
provisions making permanent chapter 12 and extending other important 
family farmer protections in bankruptcy. Chapter 12 will be in effect 
until the end of this year, and I expect that the comprehensive 
bankruptcy reform conference report will be passed by the House and 
Senate by then. Consequently, an extension is not necessary at this 
time. So I urge my colleagues in the House and Senate to pass the 
comprehensive bankruptcy reform conference report as soon as possible 
to extend these protections to our family farmers.

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