[Congressional Record Volume 148, Number 87 (Wednesday, June 26, 2002)]
[House]
[Page H3934]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          OMNIBUS CORPORATE RESPONSIBILITY AND RESTORATION ACT

  (Ms. JACKSON-LEE of Texas asked and was given permission to address 
the House for 1 minute and to revise and extend her remarks.)
  Ms. JACKSON-LEE of Texas. Mr. Speaker, when Enron hit, most of 
America thought that this was an exception, a company that had not done 
right, that deserved to be reprimanded, and that we would go forward. 
Sadly, there has been an announcement that there has been a rollcall of 
the corporate elite violating the laws of this Nation and throwing 
America's investment community into a sense of doubt and shame.
  It is time now to take a very forceful and firm stand against 
corporations that violate the law and hurt the American people, people 
who have lost their pensions, people who have lost everything, people 
who are unable to pay for their rent, their mortgages, their college 
tuitions of their children.
  Mr. Speaker, I intend to offer the Omnibus Corporate Responsibility 
and Restoration Act. Once and for all, it is an omnibus bill that gets 
rid of insider trading, that provides us a firewall between accounting 
firms that consult and do accounting, that protects the pension plans 
of this Nation, and protects employees who can be taken advantage of by 
a company filing bankruptcy and then terminating thousands of 
employees.
  Mr. Speaker, it is time to stand up against corporate criminal 
activity.

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