Andre Carson: “I understand, in terms of listening to the debate, that the kind of action taken on this bill was quite similar to the…”

“I understand, in terms of listening to the debate, that the kind of action taken on this bill was quite similar to the shredding of documents by the Arthur Andersen company that gave rise to this whole debate at this time. The Private Securities Litigation Reform Act of 1995 got us to where we are today. It repealed the civil RICO, thereby preventing defrauded investors from obtaining triple damages when they bring securities fraud claims. This bill does nothing to address that problem. It is a cruel hoax. It is a farce. It should go back, perhaps on another midnight hour, and be fixed. It is broken. Today, on the Suspension Calendar, with no opportunity to amend or improve it, the House Republican Leadership will offer up a so-called corporate responsibility bill. This bill eviscerates the bill that passed the Senate 97 to 0 and that the President said 'shares [his] goals.'”