Member Day

House Committee on the Judiciary · November 21, 2025

0:00/54m

54:36

0:00

10:00

20:00

30:00

40:00

54:36

Corporate bankruptcy loophole ("Texas two-step")

PresentationDiscussion

0:00 → 2:12(2m 13s)

An unnamed Representative urged support for legislation to close the "Texas two-step" corporate bankruptcy loophole, arguing corporations use divisive mergers to shift liabilities into a new entity that declares bankruptcy and avoid paying plaintiffs; cited Johnson & Johnson and Georgia-Pacific as examples and said the bill has bipartisan, bicameral backing.

Keywords:

Speakers:

Member day at the House Committee on the Judiciary featured multiple members urging the committee to consider bills on corporate bankruptcy abuse, law-enforcement de-escalation training, tougher espionage penalties, transparency for Epstein files and victimsrights reforms, access to epinephrine for police, and stricter ethics rules for officials.

AI-Generated Content

The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.

AI can make mistakes, so if you spot one, and we will fix it for everyone.

Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.

No transcript available.