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The House in Committee of the Whole House on the State of the Union had under consideration the bill (H.R. 3150) to amend title 11 of the United States Code, and for other purposes:

• Mr. GEKAS. Mr. Chairman, I want to thank my colleague Dr. Paul for introducing his amendment at this time. Dr. Paul is one of the foremost scholars on the issue of credit. His amendment emphasizes the heavy burden which federal taxation places on American families. Dr. Paul, certainly is correct in pointing out that, together with credit expansion, gambling, health care costs, etc., the federal burden is a contributing factor to bankruptcies and his foresight in bringing up this important topic is to be commended. I believe we should indeed focus further study on these concerns and make sure that future legislation in this area is mindful of this important fact.

• Moreover, I want to thank Dr. Paul for being east to work with and for his understanding of our concerns in ensuring that this landmark legislation is passed, and for his actions to that end. However, I am currently opposed to this amendment due to time constraints and the fact that I am not sure of its implications. I look forward to working with you in the future on this language and on other issues concerning taxes and bankruptcy.

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