Senate Delays Action on Bankruptcy
Leahy, who said such arrangements are a conflict of interest, quoted from a letter from Securities and Exchange Commission Chairman William H. Donaldson saying that allowing such dual representation, which is barred under current law, “would be a mistake.”
House Republican leaders have promised to take up the bill within weeks if the Senate passes it free of amendments. Senate Republican leaders appeared to be concerned last night because the House leadership had not decided whether it could agree to the investment-banker amendment if it were adopted.
Earlier yesterday, five other proposed changes to the bill were voted down, including one that would have given more protection to single mothers filing for bankruptcy and one that would have made it harder to protect expensive homes from creditors.
Tags: "would be a mistake." House Republican leaders have, five other proposed changes to the bill were voted down, including one that would have given more protection to, Leahy, quoted from a letter from Securities and Exchange Commi, which is barred under current law, who said such arrangements are a conflict of interestRelated Articles
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