15 U.S.C. § 1671 : US Code - Section 1671: Congressional findings and declaration of purpose

Search 15 U.S.C. § 1671 : US Code - Section 1671: Congressional findings and declaration of purpose

(a) Disadvantages of garnishment
The Congress finds:
(1) The unrestricted garnishment of compensation due for
personal services encourages the making of predatory extensions
of credit. Such extensions of credit divert money into excessive
credit payments and thereby hinder the production and flow of
goods in interstate commerce.
(2) The application of garnishment as a creditors' remedy
frequently results in loss of employment by the debtor, and the
resulting disruption of employment, production, and consumption
constitutes a substantial burden on interstate commerce.
(3) The great disparities among the laws of the several States
relating to garnishment have, in effect, destroyed the uniformity
of the bankruptcy laws and frustrated the purposes thereof in
many areas of the country.
(b) Necessity for regulation
On the basis of the findings stated in subsection (a) of this
section, the Congress determines that the provisions of this
subchapter are necessary and proper for the purpose of carrying
into execution the powers of the Congress to regulate commerce and
to establish uniform bankruptcy laws.