[Congressional Record Volume 148, Number 94 (Friday, July 12, 2002)]
[House]
[Page H4566]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      RESTORE INVESTOR CONFIDENCE

  (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, last Saturday in Houston, 
Texas, my constituents, many of them laid off ex-Enron employees, 
joined me to announce the need for immediate action for corporate 
accountability. Large speeches were made this week by the 
administration joining in that voice, but the only action that will be 
respectful of the pain that so many have experienced is immediate 
action.
  So I call upon my colleagues to immediately address an outstanding 
legislative initiative that deals with separating accounting functions 
from consulting functions offered by the gentleman from New York (Mr. 
LaFalce). I believe we can immediately begin to answer the concerns of 
the American people. We can address the concerns of a WorldCom stock 
that 3 weeks ago sold for $64 and is now 7 cents.
  So to answer the needs and the pain of my constituents, I will file 
today the Omnibus Corporate Reform and Restoration Act of 2002, an 
omnibus bill that has sweeping measures to change the face of corporate 
America. I hope we have heard the voices and the cries of the American 
people. We must do it now to restore investor confidence.

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