[Congressional Record Volume 148, Number 97 (Wednesday, July 17, 2002)]
[House]
[Page H4770]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       THE REPUBLICAN PARTY STAYS TRUE TO ITS CORPORATE SPONSORS

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. DeFAZIO. Mr. Speaker, what a difference a week makes. Last week, 
the gentleman from Florida (Mr. Foley) and others berated the Senate 
here on the floor of the House, and they touted the sham fake-
accounting reforms passed by the House in March.
  But today, the most dangerous place in Washington, D.C. is in front 
of a crowd of rank-and-file Republicans in their rush to embrace the 
Senate's Sarbanes bill and to take up real reform of the accounting 
industry and take care of the disasters on Wall Street. But thank God 
for the GOP leaders.
  ``Hill GOP Leaders Fight Audit Plan. One day after the Senate 
unanimously passed broad overhauls of corporate securities laws, top 
House Republicans said they will try to delay and likely dilute some of 
the proposed changes.''
  At least someone in the Republican Party is true to their corporate 
sponsors, benefactors, and contributors.

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