WASHINGTON, April 21 -- Sen. Sheldon Whitehouse issued the following press release:
U.S. Senators Sheldon Whitehouse (D-RI), Josh Hawley (R-MO), and Dick Durbin (D-IL), the Senate Democratic Whip, and Representatives Emilia Sykes (D-OH) and Lance Gooden (R-TX) reintroduced the Consumer Protection and Corporate Accountability in Bankruptcy Act of 2026. This bipartisan legislation would deter the growing trend of corporations using a bankruptcy maneuver known as the "Texas Two-Step" to evade responsibility for injuries they caused, bog down victims in bankruptcy proceedings, and delay justice for Americans.
"Bankruptcy is supposed to grant an honest, distressed debtor a fresh start. Wealthy corporations should not be allowed to take advanta...