[Congressional Record Volume 148, Number 96 (Tuesday, July 16, 2002)]
[House]
[Page H4682]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        CORPORATE ACCOUNTABILITY

  (Mr. REHBERG asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. REHBERG. Mr. Speaker, I rise today to urge my colleagues to shine 
a bright light into the darkness that has prevailed in some of 
America's largest corporate boardrooms.
  Last week, President Bush went to New York to put America's corporate 
leaders on notice: the United States Government will not sit back and 
allow greed and dishonesty to bring down our economy. President Bush 
was right when he said that at this moment in time America's greatest 
economic need is higher ethical standards.
  Today, we have an opportunity to answer the President's call by 
returning stability to the American economy and accountability to the 
corporate board room. The Corporate Fraud Accountability Act of 2002 is 
a strong bill that closes corporate loopholes, increases penalties for 
fraud, and bans for life any CEO or other company officer found to 
abuse power from ever serving in a corporate leadership position again.
  Mr. Speaker, I urge my colleagues to shine the light of 
responsibility into the corporate boardrooms of America by supporting 
H.R. 5118.

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