Bankruptcy and Politics: Junior Senator from Massachusetts Edition
Politics is not my strong suit -- this, ironically, from the faculty sponsor of both the Democratic and Republican student associations at Michigan Law. (No, I am not confused; I was asked presumably because each group wanted a political independent, and I don't like to play favorites.) So I have what may be a naive but is nonetheless a genuine question regarding Senator-Elect Warren's upcoming trip to Washington: does this increase the likelihood of substantive amendment of the bankruptcy laws in the next few years?
I'm not talking about full-throated repeal of BAPCPA or anything like that (although maybe I should?), but does having a bankruptcy expert as one senator matter? Is it a salience focus for committees? E.g., is it more likley we'll see home mortgage policy addressed through amendments to Chapter 13? Does it somehow beef up the CFPB knowing they have a "champion" in the Senate? Does it mean the venue fights will roar back to life?
I'd be curious if those more in the know have thoughts (with apologies in advance if this is dumb/trite).
