[Congressional Record Volume 147, Number 54 (Thursday, April 26, 2001)]
[Senate]
[Page S4012]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




  SENATE RESOLUTION 77--TO AUTHORIZE THE PRODUCTION OF RECORDS BY THE 
     PERMANENT SUBCOMMITTEE ON INVESTIGATIONS OF THE COMMITTEE ON 
                          GOVERNMENTAL AFFAIRS

  Mr. LOTT (for himself and Mr. Daschle) submitted the following 
resolution; which was considered and agreed to:

                               S. Res. 77

       Whereas, the Permanent Subcommittee on Investigations of 
     the Committee on Governmental Affairs has been conducting an 
     investigation into the use of correspondent banking for 
     purposes of money laundering;
       Whereas, the Subcommittee has received a number of requests 
     from law enforcement officials, legislative bodies, 
     regulatory agencies, and court-appointed officials for access 
     to records of the Subcommittee's investigation;
       Whereas, by the privileges of the Senate of the United 
     States and Rule XI of the Standing Rules of the Senate, no 
     evidence under the control or in the possession of the Senate 
     can, by administrative or judicial process, be taken from 
     such control or possession but by permission of the Senate;
       Whereas, when it appears that evidence under the control or 
     in the possession of the Senate is needed for the promotion 
     of justice, the Senate will take such action as will promote 
     the ends of justice consistent with the privileges of the 
     Senate: Now, therefore, be it
       Resolved, That the Chairman and Ranking Minority Member of 
     the Permanent Subcommittee on Investigations of the Committee 
     on Governmental Affairs, acting jointly, are authorized to 
     provide to law enforcement officials, legislative bodies, 
     regulatory agencies, and other entities or individuals duly 
     authorized by federal, state, or foreign governments, records 
     of the Subcommittee's investigation into the use of 
     correspondent banking for the purpose of money laundering.

  Mr. LOTT. Mr. President, the Permanent Subcommittee on Investigations 
of the Committee on Governmental Affairs has received requests from 
various law enforcement and regulatory agencies, legislative bodies, 
and court-appointed officers, both here and abroad, for assistance in 
connection with pending investigations into the use of correspondent 
banks for money laundering, which has been the subject of recent 
investigation by the subcommittee.
  This resolution would authorize the chairman and ranking member of 
the Permanent Subcommittee on Investigations, acting jointly, to 
provide investigative records, obtained by the subcommittee in the 
course of its investigations, in response to these requests.

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