Bloomberg Law@BLaw

2 years ago

Members of Congress are targeting the corporate bankruptcy maneuver known as the "Texas Two-Step" with a bipartisan bill to water down the controversial legal strategy. https://t.co/3wdIWJSnzt

US Senators introduced a bipartisan bill on July 23 that would prevent financially healthy companies from evading 'responsibility for injuries they caused' or bog down consumers in lengthy bankruptcy proceedings, they said https://t.co/i7gEuztGkm https://t.co/Gw7tnKOSOH

Rep. Emilia Strong Sykes@RepEmiliaSykes

2 years ago

For too long, greedy corporations have used shady bankruptcy tactics to avoid compensating Americans they have hurt. The Ending Corporate Bankruptcy Abuse Act will help prevent bankruptcy abuse and finally hold corporations accountable for their actions. https://t.co/e6suVqsSvC