It looks like nothing will be done on the bankruptcy reform bill until after Memorial Day.
"May 22, 2002
CONFERENCE COMMITTEE MEETS: STALLS AGAIN
SOURCE: David Goch
Washington Legislative Counsel
Commercial Law League of America
The conference committee did meet this afternoon. Schumer and Hyde did not come to agreement on the abortion provision language. Sources indicate however that they will continue to meet to try to resolve differences.
Nevertheless, chances of final passage have diminished greatly as a result of this latest inaction.
NO AGREEMENT - MEETING ADJOURNS WITH THE TWO SIDES SAYING THEY WILL CONTINUE TO EXPLORE WHETHER COMPROMISE IS POSSIBLE
SOURCE: National Association of Consumer Bankruptcy Attorneys (NACBA)
MAY 22: NACBA sources reported today that the House-Senate Bankruptcy Conference Committee met today in an effort to see if they could resolve the remaining issue preventing passage of this bill. That is the abortion clinic violence amendment, which is the Senate bill but not in the House bill.
With Rep. Hyde and Sen. Schumar represented the respective sides on this issue, with Sen. Joe Biden trying to facilitate a compromise. However, there was no agreement and although both sides have said they are willing to compromise, they are far apart on specific language.
Says NACBA, "We will have to wait and see how this plays out."
Previously, Rep. Sensenbrenner (R, WI), who chairs the conference committee, and House Speaker Hastert had set Memorial Day as the timeframe for final action on the bill. Rep. Sensenbrenner has now backed away from the Memorial Day deadline and has said they will work right up to the final days and hours to pass this bill.
Congress will take a week off for the Memorial Day recess beginning on Friday.
They will return on June 4th."