[Congressional Record Volume 156, Number 82 (Thursday, May 27, 2010)]
[Senate]
[Page S4556]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 SENATE RESOLUTION 545--TO AUTHORIZE THE PRODUCTION OF RECORDS BY THE 
 PERMANENT SUBCOMMITTEE ON INVESTIGATIONS OF THE COMMITTEE ON HOMELAND 
                   SECURITY AND GOVERNMENTAL AFFAIRS.

  Mr. REID (for himself and Mr. McConnell) submitted the following 
resolution; which was considered and agreed to:

                              S. Res. 545

       Whereas, the Permanent Subcommittee on Investigations of 
     the Committee on Homeland Security and Governmental Affairs 
     conducted an investigation into Wall Street and the financial 
     crisis of 2008, examining the role of mortgage lenders, bank 
     regulators, credit rating agencies, and investment banks in 
     causing the crisis;
       Whereas, the Subcommittee has received requests from 
     federal and state government entities for access to records 
     of the Subcommittee's investigation;
       Whereas, by the privileges of the Senate of the United 
     States and Rule XI of the Standing Rules of the Senate, no 
     evidence under the control or in the possession of the Senate 
     can, by administrative or judicial process, be taken from 
     such control or possession but by permission of the Senate;
       Whereas, when it appears that evidence under the control or 
     in the possession of the Senate is needed for the promotion 
     of justice, the Senate will take such action as will promote 
     the ends of justice consistent with the privileges of the 
     Senate: Now, therefore, be it
       Resolved. That the Chairman and Ranking Minority Member of 
     the Permanent Subcommittee on Investigations of the Committee 
     on Homeland Security and Governmental Affairs, acting 
     jointly, are authorized to provide to law enforcement 
     officials, regulatory agencies, and other entities or 
     individuals duly authorized by federal, state, or foreign 
     governments, records of the Subcommittee's investigation into 
     Wall Street and the financial crisis of 2008, examining the 
     role of mortgage lenders, bank regulators, credit rating 
     agencies, and investment banks in causing the crisis.

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