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insolvent

Occurrences over time

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  7. '08
  8. '10
  9. '12
  10. '14
  11. '16

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Occurrences in the Congressional Record

Entry Title Date
Commerce, Justice, Science, And Related Agencies Appropriations Act, 2016 June 21, 2016
Shelley Capito, R-WV
"If we fail to act, the pension plan will become insolvent, imposing projected liabilities of over $4 billion on the PBGC, known as the Pension Benefit Guaranty Corporation. If we pass the Miners Protection Act, the pension plan will remain in good standing, benefiting taxpayers, beneficiaries, and coal communities."
Financial Institution Bankruptcy Act Of 2016 April 12, 2016
Robert Goodlatte, R-VA
"Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 2947) to amend title 11 of the United States Code in order to facilitate the resolution of an insolvent financial institution in bankruptcy, as amended."
Wasteful Spending February 11, 2016
Daniel Coats, R-IN
"The next time we are back in session, I will be back down here with more. They just keep pouring in. We keep finding these documents, finding this and that. It is unbelievable that we have put ourselves in this situation and the ineffectiveness is out of control. It is no wonder the public no longer trusts us. If we can’t get to this, how can we ever get to the reforms necessary to stop us from becoming insolvent?"
Puerto Rico December 17, 2015
Richard Blumenthal, D-CT
"The people of Puerto Rico are already suffering because of the uncertainty of their financial situation. That uncertainty in turn is already costing them because the borrowing costs are rising as a disorderly default faces them. To simply provide more money is not the answer. There has to be a structure for orderly and planned payment of debts that are due. Right now, Puerto Rico is insolvent. It can’t pay its debts on time, and that is the definition of default. Bankruptcy is not a safety net. It is not a bailout. It is, in fact, a reckoning."
Every Child Achieves Act Of 2015 November 18, 2015
Harry Reid, D-NV
"Mr. President, one of the Founding Fathers, Benjamin Franklin, said: “You may delay, but time will not.” For far too long Republicans have delayed doing anything to address our Nation’s insolvent transportation system or to address other vitally important infrastructure problems. As Paul Ryan said earlier this year on the House floor:"

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