[Congressional Record Volume 140, Number 29 (Wednesday, March 16, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: March 16, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]


                              {time}  1110
 
                      BASELESS AND ABSURD CHARGES

  (Mr. RICHARDSON asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. RICHARDSON. Mr. Speaker, I rise today to ask 81 Republicans to 
apologize to Mrs. Clinton.
  Some have charged that Mrs. Clinton unethically sought to profit from 
her investment in Value Partners, a limited partnership investment 
fund. The charge is absurd. In fact, on February 10, Stephen Potts, the 
Director of the Office of Government Ethics, and a Bush appointee, 
responded to an inquiry from several Republican Members. Potts flatly 
stated that there was no basis for investigating the First Lady's 
investment under any applicable Federal ethics laws.
  In spite of that response, 1 month later, 81 House Republicans sent 
the Office of Government Ethics a letter asking for an investigation--a 
bald-faced effort to keep a nonissue alive.
  Mr. Speaker. The facts on this matter are clear:
  First, Mrs. Clinton has never had any input, control, or review of 
investment decisions made by Value Partners.
  Second, Mrs. Clinton has not spoken to the investment manager, 
William Smith, since the summer of 1992 and did not discuss stocks with 
him at that time.
  Third, in July of 1993, the Value Partners investment was placed in 
the Clinton's blind trust.
  Mr. Speaker, due to the administration's policies, the economy is 
growing, jobs are being created and the deficit is shrinking. The 
Republicans cannot attack the Clintons on substance so, instead, they 
are hitting Mrs. Clinton with baseless and absurd charges.

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