Launch VideoCalifornia Won’t Amend City Bankruptcy Law
California lawmakers won’t consider changes to a law that failed to avert three municipal bankruptcies in the past six weeks, an aide to the Senate president said.
A labor-backed bill intended to strengthen protections for creditors, including public-employee unions, has been set aside by Senate President Pro Tem Darrell Steinberg, according to Mark Hedlund, a spokesman for the Sacramento Democrat.
