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The Issues by William Coit
Monday, November 26, 2001Bankruptcy
I am against legislation that would make it harder for individuals to file under Chapter 7 of the bankruptcy code, which allows them to avoid payment of most outstanding debts, and force more to file under Chapter 13, which would require them to pay back some of their debts over five years. About 70 percent of bankruptcy filers now use Chapter 7. The rest file under Chapter 13. This legislation does not prevent low-income individuals from being taken advantage of by sophisticated lenders.
Predatory Lenders
I support (H.R.1051) Predatory Lending Consumer Protection Act of 2001. This bill would amend the Home Ownership and Equity Protection Act of 1994 and other sections of the Truth in Lending Act to protect consumers against predatory practices in connection with high cost mortgage transactions, to strengthen the civil remedies available to consumers under existing law, and for other purposes.
Insurance
I support (H.R.1331) Fair Care for the Uninsured Act of 2001- Amends the Internal Revenue Code to allow an individual a tax credit in an amount equal to the amount paid for qualified health insurance, subject to stated limitations. Directs the Secretary of the Treasury to make payments to the provider of an individual's qualified health insurance equal to such individual's qualified health insurance credit advance amount (the Secretary's estimate of the amount of credit allowable) with respect to such provider.
Bankruptcy
Predatory Lenders
InsuranceSearch the Thomas Congressional Bills Data Base
I'd like to hear from you on the issues. Please tell me your opinion:
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