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Lincoln Chafee on Corporations
Libertarian presidential challenger; Independent RI Governor; Republican Senator (1999-2007)
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I voted for Glass-Steagall, but I had just arrived in Senate
Q: You have attacked Secretary Clinton for being too close to Wall Street banks. In 1999 you voted for the very bill that made banks bigger.CHAFEE: The Glass-Steagall was my very first vote, I'd just arrived, my dad had died in office,
I was appointed to the office, it was my very first vote.
Q: Are you saying you didn't know what you were voting for?
CHAFEE: I'd just arrived at the Senate. I think we'd get some takeovers, and that was one.
It was my very first vote, and it was 92-5.
Q: Well, what does that say about you that you're casting a vote for something you weren't really sure about?
CHAFEE: I think you're being a little rough. I'd just arrived at the
United States Senate. I'd been mayor of my city. My dad had died. I'd been appointed by the governor. It was the first vote and it was 90-5, because it was a conference report.
Source: 2015 CNN Democratic primary debate in Las Vegas
, Oct 13, 2015
Voted NO on repealing tax subsidy for companies which move US jobs offshore.
Amendment to repeal the tax subsidy for certain domestic companies which move manufacturing operations and American jobs offshore.
Reference: Tax Subsidy for Domestic Companies Amendment;
Bill S AMDT 210 to S Con Res 18
; vote number 2005-63
on Mar 17, 2005
Voted YES on reforming bankruptcy to include means-testing & restrictions.
Amends Federal bankruptcy law to revamp guidelines governing dismissal or conversion of a Chapter 7 liquidation (complete relief in bankruptcy) to one under either Chapter 11 (Reorganization) or Chapter 13 (Adjustment of Debts of an Individual with Regular Income). Voting YES would:- Declare a debtor eligible only for Chapter 13, as anyone financially capable of paying back their creditors at a rate that still allows them to earn above their state's median income
- Place domestic support obligations such as child support and alimony amongst the first priority claim category of non-dischargeable debts on a debtor filing for bankruptcy
- Require debtors to pay for and attend credit counseling prior to filing for bankruptcy
- Cap home equity protection at $125,000 if the debtor purchased a house within 40 months of filing for bankruptcy.
Reference: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005;
Bill S 256
; vote number 2005-44
on Mar 10, 2005
Voted YES on restricting rules on personal bankruptcy.
Vote to pass a bill that would require debtors able to repay $10,000 or 25 percent of their debts over five years to file under Chapter 13 bankruptcy (reorganization and repayment) rather than Chapter 7 (full discharge of debt).
Reference:
Bill HR 333
; vote number 2001-236
on Jul 17, 2001
Rated 57% by the US COC, indicating a mixed business voting record.
Chafee scores 57% by US Chamber of Commerce on business policy
Whether you own a business, represent one, lead a corporate office, or manage an association, the Chamber of Commerce of the United States of AmericaSM provides you with a voice of experience and influence in Washington, D.C., and around the globe.
Our members include businesses of all sizes and sectors—from large Fortune 500 companies to home-based, one-person operations. In fact, 96% of our membership encompasses businesses with fewer than 100 employees.
Mission Statement:
"To advance human progress through an economic, political and social system based on individual freedom, incentive, initiative, opportunity, and responsibility."
The ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
Source: COC website 03n-COC on Dec 31, 2003
Page last updated: Sep 01, 2020