[Congressional Record (Bound Edition), Volume 152 (2006), Part 4]
[Senate]
[Page 5591]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         SUBMITTED RESOLUTIONS

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    SENATE RESOLUTION 434--DESIGNATING THE WEEK OF MAY 22, 2006, AS 
           ``NATIONAL CORPORATE COMPLIANCE AND ETHICS WEEK.''

  Mr. SANTORUM submitted the following resolution; which was referred 
to the Committee on the Judiciary:

                              S. Res. 434

       Whereas the United States has experienced corporate 
     scandals in recent years, resulting in serious legislation 
     and regulation dealing with professional responsibility, 
     ethics, and compliance programs;
       Whereas the Sarbanes-Oxley Act of 2002 is a compelling 
     example of legislative guidance that recognizes the important 
     role of compliance programs for organizations that desire to 
     maintain ethical and law-abiding workplaces, services, and 
     products;
       Whereas the Federal Sentencing Guidelines, including recent 
     amendments to the Federal Sentencing Guidelines, emphasize 
     and reinforce that there are specific consequences for 
     noncompliance;
       Whereas many companies in the United States have responded 
     by developing and implementing corporate ethics and 
     compliance programs intended to detect and prevent violations 
     of law, such as establishing a high level official to oversee 
     compliance and integrity in the organization, auditing and 
     monitoring mechanisms to test compliance, reporting 
     mechanisms such as hotlines to ensure open communication, and 
     training programs designed to educate employees on the laws, 
     regulations, and policies that affect their business 
     operation;
       Whereas the private sector has organized to provide the 
     necessary resources for ethics and compliance professionals 
     and others who wish to promote quality compliance through 
     organizations such as the Health Care Compliance Association 
     and the Society for Corporate Compliance and Ethics; and
       Whereas the establishment of a National Corporate 
     Compliance and Ethics Week would celebrate the creation and 
     maintenance of these ethics and compliance programs, and 
     their resulting impact on the integrity, ethics, and 
     compliance of the organizations that have created them: Now, 
     therefore, be it
       Resolved, That the Senate designates the week of May 22, 
     2006, as ``National Corporate Compliance and Ethics Week''.

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