%1

“Lending to the most highly indebted companies in the U.S. and Europe is surging.”—   Wall Street Journal[i]

As the first session of the 114th Congress ended on Dec. 18, 2015, nearly 50 pieces of legislation addressing a variety of bankruptcy and debt issues were added to ABI’s Newsroom. Eleven bills introduced throughout 2015 focused on the issue of student loans, either allowing for the discharge of student loans in bankruptcy or proposing additional consumer protections.

2015 was an exciting and eventful year for the Legislation Committee itself, as well as for its leadership.  While third-year Committee Co-Chair Jon Lieberman is concluding his final term, he is looking forward to his new role as an Associate Editor of the ABI Journal. Our new Co-Chair Dena Kessler is currently on maternity leave from BakerHostetler in Washington D.C., and we extend to her all of our best wishes.  Our Listserve Facilitator Robert Shilliday of Shilliday Law in Denver has remained quite busy, as well as our Membership Relationship Director Keith Larson.

In late 2014, at the request of and in coordination with the global Financial Stability Board (FSB),[1] the International Swaps and Derivatives Association (ISDA) developed the ISDA Resolution Stay Protocol, which “will impose a stay on cross-default and early-termination rights within