[Congressional Record (Bound Edition), Volume 148 (2002), Part 9]
[House]
[Pages 12413-12414]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       SUPPORT SARBANES LANGUAGE

  (Mr. CLEMENT asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CLEMENT. Mr. Speaker, I heard what President Bush had to say, but 
I also want to say to the Bush administration, we have to get tough.
  I say that we have to get tough because when we see what has happened 
with Enron and Global Crossing and WorldCom and all the others, we have 
a double standard in this country. If the average rank-and-file 
employee of Enron had stolen the trust funds of the top management, 
they would already be in jail today. I do not think there is any doubt 
about it.
  But where are the top management of these corporations? They are 
still living in their fine homes as if they have done nothing wrong and 
business is as usual. We cannot let that happen in America.
  Our entire economic system is based on faith, confidence and trust. 
That is what is important in America, and that is what the people of 
America want. That is what the people of Tennessee want. I travel all 
over the State of Tennessee and I hear them talking about it.

[[Page 12414]]

  We need to do something about it now. Support the Sarbanes language. 
That is a lot tougher than what we passed in the U.S. House of 
Representatives.

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