[Congressional Record Volume 140, Number 18 (Friday, February 25, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: February 25, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
 STATEMENT ON THE CONFIRMATION OF WILLIAM J. RAINER TO BE CHAIRMAN OF 
                 THE BOARD, U.S. ENRICHMENT CORPORATION

 Mr. DODD. Mr. President, it gives me great pleasure to 
congratulate a good friend and a Connecticut standout, Bill Rainer, who 
was recently confirmed by this body as chairman of the board of the 
U.S. Enrichment Corporation.
  I came to know Bill several years ago when he cofounded and became 
managing director of Greenwich Capital Markets, Inc., of Greenwich, CT, 
an investment banking firm specializing in Government securities. Under 
Bill's direction, Greenwich Capital grew from a fledgling newcomer to 
the competitive capital markets into a highly profitable and 
established player on Wall Street. This was no small feat during the 
1980's, a period of turbulent markets and fierce competition.
  Bill's experience building a successful start-up firm will prove an 
invaluable asset as he assumes leadership of the newly-formed U.S. 
Enrichment Corporation. He will face enormous challenges attempting to 
strengthen the financial underpinnings of our Federal enrichment 
program even as the U.S. share of these markets continues to decline. 
The ultimate objective of these efforts, privatization of the U.S. 
Enrichment Corporation, will give the U.S. taxpayers a return of the 
substantial investment they have expended over the years on our 
enrichment activities.
  I am confident that William Rainer will approach these challenges 
with the same measure of aplomb--and, ultimately, success--that he has 
displayed throughout his career. He possesses the right mix of 
experience and business acumen to lead the corporation through this 
transition. Perhaps just as importantly, however, Bill also is deeply 
committed to public service, and is eager to use his considerable 
skills and experience in service to the American people. I know that he 
will serve our citizens with integrity and distinction.
  I thank the Chair for permitting me this opportunity to congratulate 
William Rainer upon his confirmation.

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