Skip to main content

Rep. Lofgren Releases Statement on Passage of the Lilly Ledbetter Fair Pay Act

January 9, 2009

Citigroup Agrees to Compromise on Mortgage Bankruptcy Law Change

January 9, 2009

Representative Zoe Lofgren (D-CA) today releasedthe following statement in response to Citigroup's agreement to accepta change to bankruptcy law allowing judges to modify existing mortgageagreements during bankruptcy proceedings.

"This compromise agreement will go a long way in helping manyAmerican families stay in their homes during these difficult economictimes," noted Rep. Zoe Lofgren. "After spending considerable time andeffort working with my colleagues in the House to secure these changesin the law, I'm delighted that we are one step closer to making it areality. These modifications to bankruptcy law will be a major andwelcomed addition to the upcoming stimulus package. Tens of thousandsof working Americans will benefit from these changes, and in the longrun so will our economy."


Congresswoman Zoe Lofgren is serving her eighth term in Congressrepresenting most of the City of San Jose and Santa Clara County. Sheserves as Chair of the House Judiciary Subcommittee on Immigration,Citizenship, Refugees, Border Security, and International Law. She alsoChairs the House Administration Subcommittee on Elections and serves onthe House Homeland Security Committee. Congresswoman Lofgren is Chairof the California Democratic Congressional Delegation consisting of 34Democratic members of the U.S. House of Representatives fromCalifornia.

Image
Back to top