Now that the bankruptcy bill has been passed in the house

[tavalon]

I have a few questions. First, does that mean that the senate and the house versions now have to be reconciled? And, if not, does it now go to the evil overlord for his signature? Lastly, will it take 180 days from the time of his signature to actually be in effect?

Thanks in advance.

[nadinbrzezinski]

1. Oh the reconciliaition will be fast, they are very similar

and yes it takes 180 days for the bill to go into effect after it is signed

[tavalon]

2. but the reconciled one doesn't have to be revoted on, right?

[nadinbrzezinski]

4. no

I highly recomend a copy of the Constition, it is all in there, for the moment. Hey buy them in bulk and give them to friends and aquiantainces...

[tavalon]

5. I actually

was trying to remember the school house rock episode on this very thing. Alas, the thing that stuck with me as a child has gone away.

So, the constitution has the specifics of congressional procedure? I guess I'll have to look beyond the fancy writing.

[bluestateguy]

3. It goes into effect 6 months after it is signed

Expect a rush of new bankruptcy filings before the new rules go into effect.