Newswire | Position Papers


Commercial Law League Of America Expresses Opposition To Proposed Bankruptcy Rule Changes

• March 02, 2010 | READ FULL ARTICLE
In a letter sent to the Committee on Rules of Practice and Procedure in mid-February, 2010, the CLLA's Bankruptcy Section Legislative Committee expressed a strong opposition to the proposed changes, which would require additional supporting information and documentation to be filed with proofs of claim in cases in which the debtor is an individual. 

Commercial Law League of America Opposes Creation of CFPA Regulatory Agency

• March 02, 2010 | READ FULL ARTICLE
The Commercial Law League of America is encouraging the Committee on Banking, Housing & Urban Affairs to abandon plans to give the proposed Consumer Financial Protection Agency (CFPA) the power to regulate attorneys.

Opposition to Tennessee State Senate Bill 3862/House Bill 3817

• March 01, 2010 | READ FULL ARTICLE

CLLA Members submit White Paper to Federal Trade Commission

• September 28, 2007 | READ FULL ARTICLE
 With the release of the "White Paper," authors Manuel H. Newburger, Ed Walton and Barbara M. Barron urge the FTC to support a modernization of the 30 year old FDCPA. The proposed changes to the Act would reflect current and future technology issues. The CLLA is also recommending a change in the Act to preserve vital common law immunities from liability for the contents of pleadings and witness testimony.

../documents/CLLATechinicalIssuesInterimRules.pdf

• August 15, 2006 | READ FULL ARTICLE

../documents/CLLA-PBGCHR4241-submittedtocongressDec72005.pdf

• December 08, 2005 | READ FULL ARTICLE
The Commercial Law League of America (CLLA) submitted a position paper to Congress on December 7, 2005 in agreement with letters recently circulated by the National Bankruptcy Conference (“NBC”), the American Federation of Labor and Congress of Industrial Organizations ("AFL-CIO") and the International Union, United Automobile, Aerospace & Agricultural Implement Workers of America (“UAW”) [attached] opposing the pension termination surcharge provision contained in the recently passed S. 1932 Deficit Reduction Omnibus Reconciliation Act of 2005 and in the corresponding provisions now pending in the House in H.R. 4241, entitled Deficit Reduction Act of 2005. While the CLLA acknowledges the legislative attempt to improve the solvency of the Pension Benefit Guaranty Corporation (“PBGC”), the proposed surcharge will have a disastrous impact on debtor-companies attempting to undergo reorganization and thus, also on retirees, employees and creditors.

The CLLA urged Congress to consider the possible consequences of this proposal. Under H.R. 4241, a surcharge of $1,250 per defined benefit plan participant for three years will be assessed on companies that terminate their pension plans during the pendency of bankruptcy. The CLLA concluded by urging members of congress to vote no.