Penn Law Professor David Skeel testified before the House of Representatives Committee on Oversight & Government Reform, Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs on Wednesday, February 9. The hearing was entitled “State and Municipal Debt: The Coming Crisis?” Skeel focused his remarks on the question of whether Congress should enact a bankruptcy law for states as an option for a state whose financial crisis is otherwise insurmountable.
In testimony prepared for the hearing, Skeel wrote:
Related media written by or featuring Professor Skeel:
NPR (audio): Budget-Strapped States Might Prefer To Be Bankrupt
Wall Street Journal Op-Ed: A Bankruptcy Law—Not Bailouts—for the States
C-SPAN Washington Journal (video): States & Bankruptcy
Los Angeles Times: State Bankruptcy: The Best Fiscal Fix?
Fox Business (video): Chapter 9 for Pensions?
Wall Street Journal: Chapter 9 Weighed in Pension Woes
Weekly Standard Op-Ed: Give States a Way to Go Bankrupt