[Congressional Record (Bound Edition), Volume 146 (2000), Part 12]
[House]
[Page 17795]
[From the U.S. Government Publishing Office, www.gpo.gov]



                           LORAL CORPORATION

  (Mr. PITTS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PITTS. Mr. Speaker, we all remember the fund-raising scandal that 
the President and the Democrats got themselves into in 1996, foreign 
money and money laundering. But perhaps the worst part was the apparent 
influence of the People's Republic of China.
  We all remember that the Loral Corporation which leaked sensitive 
missile data to China was a major Democratic contributor that year.
  In fact, Bernard Schwartz, the president and CEO of that company, the 
largest single contributor to the DNC, was recommended in 1998 as the 
focus of an independent counsel investigation to find out if there was 
a connection between donations and technology transfers.
  Well, one would think they would learn their lesson. But we found out 
last week that Mr. Schwartz is again giving huge amounts of money to 
the Democrats.
  FEC reports show that he has given an average of $40,000 a month to 
Democrats since January of 1999, most of it in unrestricted soft-money 
donations.
  I call on the Democrats to return these donations until we determine 
once and for all what his role was in leaking sensitive missile data to 
the Chinese.
  This is not just a matter of ethical conduct. It is a matter of 
national security.

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