President Clinton Vs. The 104th And 105th Congress

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President Clinton vs. the 104th and 105th Congress
President William “Bill” Clinton was the United States 42nd president. Bill Clinton was born in Arkansas on August 19th 1946. In 1976 he was elected to become the Attorney General of Arkansas. Two years later he became governor, becoming the youngest governor. Clinton ran for president in 1992 with running mate Al Gore. His presidency ran from 1993 to 2001. During his presidency the 104th (’95-’97) and the 105th (’97- ’95) Congress was established and the Republicans took over the House with 228 seats in the 104th and 226 seats in the 105th. The Democrats had 206 seats in the house in the 104th and the 105th had 207 seats. The Senate was no different, The Republicans had 52 seats
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His term as Speaker of the House seemed as the opposite of President Clinton. When he was speaker there were many government and budget shutdowns, and also unpleasant impeachment proceedings. Yet Gingrich and Clinton have agreed on welfare reform, tax cuts and budgeting deals.
Overrides and Vetoes Over the course of Clinton’s presidency there have been 37 bills that have been vetoed, although 36 were regular vetoes, one pocket veto, and two vetoes that were overridden. The two bills that were overridden are the Private Securities Litigation Act of 1995 and the Line Item Veto.
The Bankruptcy Act of 2000 was one of the laws that was a pocket veto. The sponsor of this act was Representative Christopher H. Smith. The bill as asserted by the president because it was not fair towards ordinary debtors who fell on hard times. Yet this represents a loophole for the wealthy. Under the Homestead Exemption, bankruptcy filers can protect some of their equity in their homes under chapter seven bankruptcy. This also implies to chapter 13 bankruptcy as well. You can be relieved of all or most of your equity, this would decrease the minimum amount you must pay to your creditors. In the meantime this will be easier to repay your debts.
The Private Securities Litigation Act of 1995 but later overridden as the Private Securities Litigation Reform Act of 1995, was designed to stop or to limit non-serious securities
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