Today’s House vote in favor of the bankruptcy reform bill sends a dangerous signal to working families that Congress will systematically gut protections for workers who have lost jobs or face crushing medical bills. The bill is a one-sided attempt to favor creditor interests and increase the burden for families who are trying to recover from severe financial setbacks.

Studies suggest that 90 percent of those filing for bankruptcy do so because of circumstances largely outside their control. In recent years, business failures and mass layoffs resulting from corporate fraud have led to innumerable individual bankruptcies. Rather than correcting deficiencies in current law that fail to protect workers in these circumstances, the bill puts more pressure on working families when they are most vulnerable.

The bill is unnecessarily harsh and is further proof that big business is steamrolling legislation through Congress that will negatively impact the economic interests of hardworking Americans.

Contact Suzanne Ffolkes 202-637-5018