§ 1671. Congressional findings and declaration of purpose
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/usc/title-15/section-1671A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Disadvantages of garnishment The Congress finds:
(1)The unrestricted garnishment of compensation due for personal services encourages the making of predatory extensions of credit. Such extensions of credit divert money into excessive credit payments and thereby hinder the production and flow of goods in interstate commerce.
(2)The application of garnishment as a creditors’ remedy frequently results in loss of employment by the debtor, and the resulting disruption of employment, production, and consumption constitutes a substantial burden on interstate commerce.
(3)The great disparities among the laws of the several States relating to garnishment have, in effect, destroyed the uniformity of the bankruptcy laws and frustrated the purposes thereof in many areas of the country.
(b)Necessity for regulation On the basis of the findings stated in subsection
(a)of this section, the Congress determines that the provisions of this subchapter are necessary and proper for the purpose of carrying into execution the powers of the Congress to regulate commerce and to establish uniform bankruptcy laws.
(Pub. L. 90–321, title III, § 301, May 29, 1968, 82 Stat. 163.)
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Cited by 22 sections · top 19
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statute-compilations
bill
- Sec. 3Establishment of the income dependent education assistance loan program and the IDEA loan repayment program
- Sec. 3Establishment of the Income Dependent Education Assistance Loan Program and the IDEA Loan Repayment Program
- Sec. 4Restriction on adverse employment action because of garnishment
- Sec. 5State law with respect to assignments
- Sec. 6Employer liability for failure to garnish
- Sec. 3Establishment of the income dependent education assistance loan program and the IDEA loan repayment program
- Sec. 4Restriction on adverse employment action because of garnishment
- Sec. 5State law with respect to assignments
- Sec. 6Employer liability for failure to garnish
- Sec. 3Establishment of the income dependent education assistance loan program and the IDEA loan repayment program
4 references not yet in our index
- Pub. L. 90–321, title III, § 301
- 82 Stat. 163
- Pub. L. 90–321, title V, § 504(c)
- 82 Stat. 167
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§ 1671
Congressional findings and declaration of purpose
Bills×12
Fed. Reg.×8
C.F.R.×1
Stat. Comp.×1
Pub. L.Pub. L. 90–321, title III, § 301
Stat.82 Stat. 163
Pub. L.Pub. L. 90–321, title V, § 504(c)
Stat.82 Stat. 167
Cites 4Cited by 22 across 4 sources