House Republicans Blocking Changes to Bankruptcy Bill
Heller, Michele, American Banker
Bankruptcy overhaul legislation remained on a fast track Wednesday as House Judiciary Committee Republicans defeated amendments offered by Democrats that would have delayed the measure.
"We want to make sure that frivolous or dilatory-type amendments are not accepted," Rep. George Gekas, R-Pa., the bankruptcy bill's primary sponsor, said during a committee break. "We believe the proof is in the pudding of the overwhelming votes that have been cast in the past, so we have good prospects for passage of this."
Meanwhile, the Senate Judiciary Committee is expected to postpone action scheduled for today on the bill until after next week's Presidents Day recess. While Senate Judiciary is chaired by a Republican, Democrats have more clout there than on the House panel, because each party has the same number of seats on the Senate panel.
In early votes, House Judiciary rejected two amendments to give parents collecting child support and alimony priority over such creditors as banks in collecting debt from filers.
"We're giving the same priority for creditors to collect on luxury goods" that debtors purchased before filing for bankruptcy "as we are to child support," said Rep. …