Grassley serves as Chairman of the Judiciary Subcommittee on Administrative Oversight and the Courts, which handles bankruptcy policy. Last October, he and Sen. Richard Durbin of Illinois, Ranking Member of the Subcommittee, introduced the Consumer Bankruptcy Reform Act. The Grassley/Durbin bill would make it more difficult for individuals to declare bankruptcy and easily absolve themselves of consumer debt, while at the same time providing new consumer protections against abuse by creditors.
The hearing ? The Consumer Bankruptcy Reform Act: Seeking Fair and Practical Solutions to the Consumer Bankruptcy Crisis ? will begin at two o'clock on Wednesday, March 11, 1998, in the Senate Dirksen Office Building, Room 226. This hearing will be the seventh bankruptcy hearing held by Grassley so far in the 105th Congress.
A list of witnesses scheduled to testify will be released later this week.