Biden Rewrites History of Supporting 2005 Bankruptcy Bill

|
Posted: Mar 15, 2020 10:10 PM
Biden Rewrites History of Supporting 2005 Bankruptcy Bill

Source: AP Photo/Evan Vucci

Former Vice President Joe Biden was caught in a massive lie on the debate stage Sunday night, by his last-standing opponent, Sen. Bernie Sanders (D-VT). Biden claimed that he had no hand in the 2005 bankruptcy bill, when called out by Sen. Sanders:

“This is a little bit about leadership as well. Joe talked about bankruptcy, Joe, you helped write that bankruptcy bill,” Sen. Sanders said.

Although Biden denies support of the bill, the evidence does not support his claim. Passed in 2005 by a bipartisan majority, the Bankruptcy Abuse Prevention And Consumer Protection Act (BAPCPA) altered the US Bankruptcy code, and made it more difficult to file for bankruptcy. The BAPCPA increased the threshold for bankruptcy in hopes of cutting fraud and abuse. The bill receives criticism from the far-left, including Sens. Sanders and Warren, who both claim that BAPCPA puts credit companies before consumers. Biden not only supported the bill, but sponsored it alongside GOP colleagues.

Biden’s denial of supporting BAPCPA is yet another example of the former Vice President running away from his record, in order to appease progressive voters.