[Congressional Record Volume 148, Number 92 (Wednesday, July 10, 2002)]
[House]
[Page H4434]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 MAJORITY OF AMERICA'S CORPORATIONS AND AUDITING FIRMS ARE HONEST AND 
                              LAW-ABIDING

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, I am simply outraged at 
the revelations day after day that corporations have cheated and 
betrayed the trust of investors and employees by seeking personal gain 
while their companies floundered. We must hold each one of these 
criminals accountable for the abuses they have committed.
  I am pleased with the strong leadership that President Bush has shown 
by speaking bluntly and acting quickly. Businesses and corporate 
officers are not exempt from fair play and should be held to the utmost 
standards of ethics and decency of character. House Republicans on 
April 24 passed a responsible corporate reform bill, and it should be 
considered and enacted to restore confidence in the economy.
  However, with all the scandals that are splashed across the media, I 
am confident that the overwhelming majority of companies and accounting 
firms are morally responsible and law-abiding organizations that deeply 
care about the welfare of their investors. It is my hope leaders will 
arise in these companies, people involved in their communities, in a 
positive way that will reclaim the respect and dignity of their 
positions.

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