Correa Joins House Judiciary Committee In Reforming Bankruptcy Laws, Protecting Veterans
House Judiciary Committee Advances Four Bills To House Floor With Bipartisan Cooperation
Washington, D.C. — Today, Congressman Lou Correa joined his colleagues on the House Judiciary Committee to consider important legislation. This bipartisan and productive legislative markup passed four bills that address issues faced by countless Americans, including expanding bankruptcy protections and enhancing legal protections for veterans.
Rep. Lou Correa said, "The American people need a Congress that puts their needs first. This week my colleagues and I continued to do just that by advancing new legislation that will protect Americans trapped in dire financial distress and our veterans.
"I will continue to work across the aisle for my constituents in Washington. While COVID-19 may have changed how we work, it has not stopped us from getting the job done."
The bills brought before and passed by the Committee are:
H.R. 7370, the "Protecting Employees and Retirees in Business Bankruptcies Act of 2020" (Rep. Nadler)
This legislation modifies exciting bankrupt law to protect employee and retiree benefits in the event business files for bankruptcy and places restrictions on executive compensation.
H.R. 2648, the "Student Borrower Bankruptcy Relief Act of 2019" (Rep. Nadler)
This bill allows a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.
H.R. 8366, To amend title 11 of the United States Code to increase the amount of the allowable homestead exemption. or the "Protecting Homeowners in Bankruptcy Act of 2020" (Rep. Dean)
This bill creates new protections for homeowners who file for bankruptcy by raising the homestead equity exemption from $15,000 to $100,000.
H.R. 8354, To establish the Servicemembers and Veterans Initiative within the Civil Rights Division of the Department of Justice, and for other purposes. or the "Servicemembers and Veterans Initiative Act of 2020" (Rep. Escobar)
This legislation makes the Department of Justice's Servicemembers and Veterans Initiative a permanent office within the DOJ Civil Rights Division to ensure federal laws meet the unique needs of veterans and servicemembers. This initiative provides DOJ with veterans policy advisors who can help guide their colleagues on issues of importance to veterans and servicemembers.
Rep. Lou Correa represents California’s 46th Congressional District. He serves as Chair of the House Homeland Security Subcommittee on Transportation and Maritime Security, and as the Vice Chair of the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet. Read more here.
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