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Bill Owens on Budget & Economy

Republican CO Governor


Bankruptcy reform: limit Chapter 7; protect states' role.

Owens adopted the National Governors Association policy:

    The Governors are particularly concerned that bankruptcy reform legislation address the following issues:
  1. Prevent Chapter 7 Use by Those with the Ability to Pay: Present bankruptcy law does not prevent use of Chapter 7 by those with ability to repay, nor does it require that debtors use Chapter 13, which would require them to repay creditors what the debtor can afford. The Governors strongly support federal efforts to prevent debtors from using Chapter 7 when they are financially able to pay some or all of their unsecured debts.
  2. Encourage Payment of Domestic Support Obligations: Bankruptcy interferes significantly with states’ ability to assist citizens owed domestic support and to collect unpaid domestic support owed them. The Governors strongly encourage Congress to ensure that any federal bankruptcy reform requires that domestic support obligations have the highest possible repayment priority, that all domestic support obligations be nondischargeable, and that commencement of bankruptcy not prevent the continued collection of child and other support obligations.
  3. Give State Claims Parity with Federal Claims in Bankruptcy: Today, bankruptcy rightly gives certain preferences in payment to federal claims against the bankruptcy estate, but similar treatment is not always accorded state claims. The Governors strongly support congressional efforts to reform the treatment of state claims in bankruptcy to provide parity of treatment with federal claims.
  4. Protect the State Role: The Governors oppose efforts to preempt state authority to determine exemptions under state bankruptcy law. Currently, debtors have a right to choose between federal and state exemptions. The Governors support efforts to shape bankruptcy reform policy that protects the rights of states to determine their own standards instead of having uniform federal regulations imposed without regard for individual state needs.
Source: NGA Economic Development Policy EDC-21: Bankruptcy Reform 01-NGA2 on Feb 15, 2001

Uphold commitments to states before other spending.

Owens adopted the National Governors Association position paper:

The Issue

The major budget issue will be over the surplus and how big of a surplus there will be. How much will be dedicated to paying down the national debt, how much to tax cuts, how much to increase defense spending, what to do about key discretionary spending programs, and whether and how to change key entitlement programs, such as Medicaid, Medicare, and Social Security? How these decisions are made could have significant impacts on the federal-state partnership, especially as they affect vital health and human services programs. What will happen to funding for priority state domestic discretionary programs for the federal fiscal year? When will Congress act?

NGA’s Position

Before considering new spending initiatives or tax cuts, the federal government must first uphold its current commitments to the states.
Source: National Governors Association "Issues / Positions" 01-NGA8 on Sep 14, 2001

Other governors on Budget & Economy: Bill Owens on other issues:
AK Frank Murkowski
AL Bob Riley
AR Mike Huckabee
AZ Janet Napolitano
CA Arnold Schwarzenegger
CO Bill Owens
CT Jodi Rell
DE Ruth Ann Minner
FL Jeb Bush
GA Sonny Perdue
HI Linda Lingle
IA Tom Vilsack
ID Dirk Kempthorne
IL Rod Blagojevich
IN Mitch Daniels
KS Kathleen Sebelius
KY Ernie Fletcher
LA Kathleen Blanco
MA Mitt Romney
MD Bob Ehrlich
ME John Baldacci
MI Jennifer Granholm
MN Tim Pawlenty
MO Matt Blunt
MS Haley Barbour
MT Brian Schweitzer
NC Mike Easley
ND John Hoeven
NE Dave Heineman
NH John Lynch
NJ Jon Corzine
NM Bill Richardson
NV Kenny Guinn
NY George Pataki
OH Bob Taft
OK Brad Henry
OR Ted Kulongoski
PA Ed Rendell
RI Don Carcieri
SC Mark Sanford
SD Mike Rounds
TN Phil Bredesen
TX Rick Perry
UT Jon Huntsman
VA Tim Kaine
VT Jim Douglas
WA Christine Gregoire
WI Jim Doyle
WV Joe Manchin III
WY Dave Freudenthal
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