[Congressional Record Volume 158, Number 22 (Thursday, February 9, 2012)]
[Extensions of Remarks]
[Pages E167-E168]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     HONORING JAMES ``JIM'' SCHRANZ

                                 ______
                                 

                           HON. RALPH M. HALL

                                of texas

                    in the house of representatives

                       Thursday, February 9, 2012

  Mr. HALL. Mr. Speaker, I rise today to honor James ``Jim'' Schranz 
for his tireless efforts to promote and expand retirement security for 
all Americans. Jim has played an integral role in the formation of the 
Employee-owned S Corporations of America (ESCA) and will soon be 
stepping down from his role as the founding Treasurer to fully enjoy 
his retirement with his wife Nancy.
  After earning his MBA from the Cox School of Business at Southern 
Methodist University,

[[Page E168]]

Jim began working at Austin Industries, rising to Vice President of 
Human Resources. In 1998, he took on the role of Treasurer with ESCA 
where he used his knowledge of this important and unique retirement 
savings vehicle to help protect and expand it to other businesses 
across Texas and the United States. Through ESCA's efforts, Members of 
Congress have become better educated about retirement savings benefits 
created by private, employee-owned companies for their employee-owners. 
Jim has been instrumental in the fight to prevent inadvertent harm to S 
corporation Employee Share Ownership Plans (ESOPs), particularly in the 
days of pension reform. His retirement is well-deserved.
  Mr. Speaker and colleagues, please join me in honoring Jim Schranz 
and wishing him all the best as he retires.

                          ____________________