[Congressional Record Volume 148, Number 103 (Thursday, July 25, 2002)]
[House]
[Page H5462]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        CORPORATE ACCOUNTABILITY

  (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, we needed this. Over the 
months we have suffered, we have watched the marketplace go up and 
down, but, more importantly, I have watched my constituents living in 
the city of Houston and those around the Nation see their investments 
for retirement go down the drain.
  And so I am proud to be able to join the gentleman from New York (Mr. 
LaFalce) and the other body who presented one of the strongest 
corporate responsibility and accountability bills that this Nation will 
ever see. It will tell the poor guy on the street, it will tell the 
common thief who steals a loaf of bread and goes to jail for 5 or 10 
years, that justice in America reigns not only on the streets, but in 
the corporate boardrooms, because we will have a board to oversee 
auditors and accounting features as it relates to their work for 
corporations; we will make sure that there is no grand profit on 
consulting fees and you are supposed to be telling the corporation what 
they are doing wrong; and we will give shareholders, the moms and dads 
and grandparents who have lost their investment, the right to sue so 
that they can recover dollars that they have lost; and, yes, we will 
put in jail those who have done wrong.
  Mr. Speaker, this is a good bill and I will join my colleagues today, 
providing leadership to the marketplace of America.

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