BANKRUPTCY BILL TO HOUSE
WASHINGTON — The House is scheduled to vote Thursday on a bankruptcy reform bill supported by retailers and almost identical to one President Clinton vetoed last year.
While President Bush has said he would sign the bill, it still faces opposition on Capitol Hill from some House and Senate Democrats. They argue the legislation contains provisions that put low-wage people, single mothers and consumers at a disadvantage.
The legislation would make it more difficult for people to wipe out all their debts under bankruptcy laws. A means test would determine if a debtor could repay part of their debt.
Last year’s bankruptcy bill passed the House on a voice vote and chances of it being approved on Thursday are considered good.