[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]




            SENSE OF PERSPECTIVE ON CORPORATE ACCOUNTABILITY

  (Ms. HOOLEY of Oregon asked and was given permission to address the 
House for 1 minute and to revise and extend her remarks.)
  Ms. HOOLEY of Oregon. Mr. Speaker, I believe it is important to bring 
a sense of perspective to this debate on corporate accountability. Our 
economy is fundamentally solid. It is productive, and inflation is low. 
As I am speaking, Alan Greenspan is delivering those same sentiments to 
our colleagues in the other Chamber, and he will do the same tomorrow 
to the Committee on Financial Services in the House. Hopefully, his 
remarks will inject a sense of calm into our capital markets and do 
what even the President could not do: staunch the hemorrhaging on Wall 
Street.
  Our colleagues in the other body should be commended. They have done 
what our leadership in this House has failed to do: empathize with 
anyone who is too scared to even open their monthly 401(k) statement.
  Mr. Speaker, it is time for us to act. We need to go to conference 
committee on a bill to clean up corporate America, and we need to do it 
now.

                          ____________________