Legislation

Select Comments/Questions Posed by SCOTUS Justices During Oral Argument in Harrington v. Purdue Pharma The U.S. Supreme Court on Dec. 4 heard oral argument in Harrington v. Purdue Pharma LP. The issue before the court is whether the Bankruptcy Code authorizes a court to

Legislative Highlights The “National Guard and Reservists Debt Relief Extension Act of 2023” Passes out of House Judiciary Committee H.R. 3315, the “National Guard and Reservists Debt Relief Extension Act of 2023,” passed out of the House Judiciary Committee on a 24-0

Legislative Highlights Senate Judiciary Hearing Spotlights “Texas Two-Step” in Chapter 11 The Senate Judiciary Committee held a hearing 1 on Sept. 19 titled, “Evading Accountability: Corporate Manipulation of Chapter 11 Bankruptcy.” Witnesses included Prof. Melissa B

Legislation Introduced to Cap Credit Cards’ Annual Percentage Rate Sen. Josh Hawley (R-Mo.) introduced the “Capping Credit Card Interest Rates Act” on Sept. 12 to cap the interest rate for credit cards at a “common-sense level” of 18 percent in an effort to protect

A Quick Look at Bankruptcy/Debt Issues to Date in the 118th Congress As Congress returned to Capitol Hill in early September following summer recess, many of the headlines regarding legislative action once again turned toward key issues surrounding funding and budgetary

Supreme Court Grants Cert to Examine Purdue’s $6B Sackler Opioid Settlement The U.S. Supreme Court on Aug. 10 granted an emergency stay application to examine Purdue Pharma’s $6 billion settlement of opioid lawsuits against its Sackler family owners, agreeing to hear

The Federal Pause on Student Loan Payments Is Set to Expire. How Might Bankruptcy Fill the Gap? By Joy Kleisinger and Hayley Mullen The COVID-era pause on student loan payments and interest will finally come to an end after eight extensions on Sept. 1, 2023. 1 The

The Consumer Bankruptcy Reform Act: The Uncoupling of Debts By Brittany M. Woodman The Consumer Bankruptcy Reform Act (CBRA), originally introduced in December 2020, was reintroduced in September 2022 by Sen. Elizabeth Warren (D-Mass.) and Rep. Jerrold Nadler (D-N.Y.)

Legislative Highlights Collapse of SVB and Signature Bank Draw Congressional Spotlight, Criticism in March Hearings Members of Congress utilized two congressional hearings at the end of March to deliver harsh criticism of bank executives and federal regulators in the