[Congressional Record Volume 158, Number 28 (Tuesday, February 21, 2012)]
[Extensions of Remarks]
[Page E235]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     HONORING JAMES ``JIM'' SCHRANZ

                                 ______
                                 

                       HON. EDDIE BERNICE JOHNSON

                                of texas

                    in the house of representatives

                       Tuesday, February 21, 2012

  Ms. EDDIE BERNICE JOHNSON of Texas. 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.
  Next week, he officially will step down as Treasurer so that he and 
his wife, Nancy, can fully enjoy their retirement. Jim began working at 
Austin Industries after completing his MBA from the Cox School of 
Business at Southern Methodist University. At Austin Industries, Jim 
worked his way up the ranks, rising to Vice President of Human 
Resources. Since 1998, he has used his knowledge of the importance of 
this 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 
ESOPs, particularly in the days of pension reform. His retirement is 
well-deserved.
  Mr. Speaker, please join me in honoring Jim and wishing him all the 
best as he retires.

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