HR 2942 -- 09/27/99
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EXECUTIVE OFFICE OF THE PRESIDENT
OFFICE OF MANAGEMENT AND BUDGET
WASHINGTON, D.C. 20503

STATEMENT OF ADMINISTRATION POLICY
(THIS STATEMENT HAS BEEN COORDINATED BY OMB
WITH THE CONCERNED AGENCIES.)

September 27, 1999
(House)


H.R. 2942 - Family Farmer Bankruptcy Act Extension
(Smith (R) Michigan and 2 cosponsors)

The Administration supports enactment of H.R. 2942, which would extend the provisions of the bankruptcy code (chapter 12) that address the particular needs of family farmers in financial distress. As the President stated when he signed the previous temporary extension of chapter 12 six months ago, the Administration urges the Congress to make these provisions permanent.



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