[Congressional Record Volume 140, Number 61 (Tuesday, May 17, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


[Congressional Record: May 17, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]


                              {time}  1250
 
    STATUTORILY MANDATED RTC OVERSIGHT HEARING IS 150 DAYS PAST DUE

  (Mr. HOKE asked and was given permission to address the House for 1 
minute.)
  Mr. HOKE. Madam Speaker, under rule of law, the House Banking 
Committee is required to hold an oversight hearing on the Resolution 
Trust Corporation 30 days after the release of the Thrift Depositor 
Protection Oversight Board's report on the activities of the RTC.
  Although two oversight hearings are required each year, the last 
hearing took place in March of 1993. The committee should have held the 
next hearing in December of 1993 but that hearing was never scheduled.
  It is now May 1994 and the statutorily mandated hearing is some 150 
days behind schedule.
  Madam Speaker, the end of this month marks the deadline for the next 
statutorily-mandated oversight hearing. We do not even have a precedent 
on how to proceed when one unscheduled statutorily-mandated hearing 
overlaps another unscheduled statutorily-mandated hearing.
  This blatant circumvention of the law is one more symptom of the lack 
of disclosure surrounding what has become known as Whitewater and it 
highlights one of the reasons why the public holds Congress in such 
contempt.
  Madam Speaker, it is the worst kind of hypocrisy when Members of 
Congress who write the law do not obey the law.

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