The D´oench Duhme Reform Act, S. 648
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| Hersteller: | Forgotten Books (Banking, United States; Congress; Senate) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The D´oench Duhme Reform Act, S. 648: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate One Hundred Fourth Congress First Session on S. 648 The Committee met at 10:30 a.m., in room SD-538 of the Dirksen Senate Office Building, Senator Al D´Amato (Chairman of the Committee) presiding. Opening Comments Of Chairman D´Amato The Chairman. The hearing will come to order. Good morning. This hearing is on an old legal doctrine known as D´Oench Duhme. This rather obscure and ominous-sounding phrase refers to a Federal statute and a common law doctrine that, unfortunately, has robbed innocent consumers of the right to go to court to defend themselves. Let me first apologize for starting this hearing a half-hour late because we are still concluding, two votes on the floor. The second vote started at 10:00, and so I apologize. In the interest of time, I´m going to forego giving my opening statement so that I can call upon Senator Bill Cohen of Maine, who has been a driving force in attempting to wake up America into doing what is right and proper in this area. Yes, the Federal Government has certain interests and taxpayers must be protected, but D´Oench Duhme has deprived honest citizens of their opportunity to have their cases heard or to have access to legal remedies. This law was never envisioned to operate in the manner in which some have utilized it. Its time to look at this doctrine and make sure that we deal fairly with Americas citizens and do not disenfranchise them. Senator Cohen. Statement Of William Cohen, A U.S. Senator From The State Of Maine Senator Cohen. Thank you very much, Mr. Chairman. I particularly want to thank you for holding this hearing today. As you know, back in January, I held a hearing as Chairman of the Subcommittee on Oversight of Government Management. I don´t think at that time more than a handful of Senators had ever heard of the doctrine of D´Oench Duhme. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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