[Congressional Record (Bound Edition), Volume 146 (2000), Part 7]
[Extensions of Remarks]
[Pages 9645-9646]
[From the U.S. Government Publishing Office, www.gpo.gov]



                 TRIBUTE TO THE LATE MILTON V. FREEMAN

                                 ______
                                 

                           HON. MARTIN FROST

                                of texas

                    in the house of representatives

                         Tuesday, June 6, 2000

  Mr. FROST. Mr. Speaker, I rise today to note the passing of one of 
the truly outstanding attorneys of the 20th century, Milton V. Freeman.
  Milton Freeman died on June 3 at the age of 88 after a long and 
remarkable career. He graduated from City College of New York in 1931 
and received his law degree from Columbia University in 1934, serving 
on the law review. Following his graduation from law school, Milton 
Freeman spent the next 12 years as an attorney with the Securities and 
Exchange Commission.
  During his tenure at the SEC, Milton Freeman wrote many of the 
regulations that implemented the law that created the SEC, regulations 
that are still in effect today. I once introduced him at a meeting of 
my classmates at Georgetown Law Center as a ``famous author'' and, in 
fact, he was just that. He was the author of SEC Rule 10b-5, the heart 
of the SEC's anti-fraud regulations dealing with insider trading.
  But Milton Freeman was much more than just a pioneering SEC lawyer. 
For many years he served as managing partner of Arnold and Porter, one 
of the most prestigious law firms

[[Page 9646]]

in the nation. He also took time to defend people accused under anti-
communist laws at the height of the McCarthy era, one of the darkest 
periods in our history.
  Milton Freeman was a warm, generous person. He and his wife Phyllis 
befriended a group of insecure first-year law students at Georgetown 
who were friends of his daughter Nancy, who was also attending 
Georgetown. We spent a number of wonderful evenings at their home, 
evenings which somehow made the traumatic experience of the first 
months of law school a little more bearable.
  Another of Milton's four children, Dan, also became a lawyer and has 
served the U.S. House of Representatives with great distinction for 
many years. Dan is currently Chief Counsel and Parliamentarian for the 
House Judiciary Committee, a position he has held under both Democratic 
and Republican chairmen.
  Mr. Speaker, Milton Freeman was a good husband and father and a great 
American. He will be truly missed.

                          ____________________