Ted Kennedy on Corporations Democratic Sr Senator (MA)

1998: decisive role opposing pro-bank bankruptcy bill

In "Living History," Hillary writes, "proposed bankruptcy reform moving through Congress threatened to undermine the spousal and child support many women depend on." The New York Times also reported: "[Mrs. Clinton] wrote dozens of personal notes to lawmakers last year as the [bankruptcy] bills made their torturous way through the Congressional process. And she, along with Senator Edward Kennedy (D-MA), played what the bill's opponents say was a decisive role in helping to kill the legislation last year."

Voted YES on repealing tax subsidy for companies which move US jobs offshore.

Voted NO on reforming bankruptcy to include means-testing & restrictions.

• 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.

Voted NO on restricting rules on personal bankruptcy.

Rated 26% by the US COC, indicating an anti-business voting record.

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