WASHINGTON - (03/09/05) -- A group of anti-abortion senatorsled the charge against the so-called Schumer amendment Tuesday,prompting the Senate to turn aside a bid to add a provision to thebankruptcy bill to bar abortion clinic protesters from shieldingtheir assets under bankruptcy. "I've been around here long enoughto know a poison pill when I see one--and make no mistake--this isa poison pill," insisted pro-life Sen. Orin Hatch, R-Utah, duringTuesday's debate over the amendment that killed the bankruptcy billin each of the last two congresses. Jeff Sessions, R-Ala., likeHatch an abortion opponent, said there were already enoughsafeguards to prevent perpetrators of violence from shielding theirassets under bankruptcy. But Sen. Charles Schumer, D-N.Y., said theprovision was necessary to prevent abortion protesters convicted ofviolent crimes against abortion clinics and doctors from filing forbankruptcy to prevent victims from attaching their assets in acivil suit. "What this amendment says is 'if you use violence as apolitical goal and you are sued, you can't then go back and ask thebankruptcy court for help in protecting your assets,'" saidSchumer, explaining the amendment is aimed at all violentprotesters, as he removed the term 'abortion' from the language."This equally applies to extremists of the far right or the farleft. Anyone who violently or misguidedly blocks access to anylegal service; pro-life or eco-terrorists, alike, it would applyequally." The defeat of the Schumer amendment clears the way forfinal Senate passage of the credit union-backed bill, expectedWednesday, after which House leaders have pledged quick passage ofthe measure.
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










