Richard Gephardt: “Mr. Speaker, this is a resolution presented by the gentleman from Illinois [Mr. Michel] and myself. It is a sense of the…”

“Mr. Speaker, this is a resolution presented by the gentleman from Illinois [Mr. Michel] and myself. It is a sense of the House resolution. It says that the Congress has a constitutional obligation to conduct oversight of matters relating to the operations of the Government, including matters relating to any governmental investigations which may from time to time be undertaken. It states that the Speaker, the majority and the minority leader should meet to determine the appropriate timetable, procedures, and forum for appropriate congressional oversight, including hearings on all matters related to Madison Guaranty Savings & Loan Association, Whitewater Development Corp., and Capital Management Services, Inc. It further states that no witness called to testify shall be granted immunity under certain sections of the United States Code over the objections of the special counsel, Robert Fiske. Finally, it says that the hearings should be structured and sequenced in such a manner that in the judgment of the leaders, they would not interfere with the ongoing investigation of the special counsel, Mr. Fiske. Over the past days and weeks, there have been a number of allegations lodged, there has been a great deal of speculation about the Whitewater Development Corp. and the facts surrounding that corporation. And I might add that that speculation is not unimportant. The American people have the right to know the facts.…”