Maxwell Frost: “Mr. Speaker, my friends on the other side of the aisle have a very peculiar sense of timing. Here we have this problem…”

“Mr. Speaker, my friends on the other side of the aisle have a very peculiar sense of timing. Here we have this problem with Enron. We have thousands of Enron employees who lost their life savings investing in 401(k)s, and we have thousands, perhaps hundreds of thousands, of Enron's shareholders who lost a lot of money in Enron stock; and yet my friends on the other side of the aisle take this very moment to make it more difficult for those thousands of Enron employees and those thousands of Enron shareholders to bring a class action lawsuit. I have a difficult time understanding their timing. I understand their interest in this issue. It has been brought up before. But now we have this situation where executives of Enron were telling their employees what a good deal it was to invest in their company's stock at the same time that those executives were secretly selling their stock. And so we have a class of people, a class of employees, thousands of employees who have lost their life savings; and yet my friends on the other side of the aisle would say, well, this is the very moment that we are going to make it more difficult for you to seek class relief.”