HOUSE OF REPRESENTATIVES |
H.C.R. NO. |
129 |
TWENTY-FIRST LEGISLATURE, 2002 |
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STATE OF HAWAII |
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RESOLUTION
requesting that hawaii's congressional delegation support a full investigation by congress into all matters surrounding the collapse of the enron corporation.
WHEREAS, the Enron Corporation (Enron) was formerly the seventh largest corporation in the United States and was regarded as one of the nation's pre-eminent and most successful companies; and
WHEREAS, numerous allegations of fiscal impropriety and malfeasance have been made against the executives and board of directors of Enron; and
WHEREAS, Enron filed for protection from its creditors under chapter 11 in the largest corporate bankruptcy in U.S. history; and
WHEREAS, the bankruptcy of Enron cost its employees, creditors, and investors millions of dollars in losses; and
WHEREAS, Hawaii's Employees' Retirement System has invested in Enron and suffered an $11,300,000 loss because of the corporation's collapse; now, therefore,
BE IT RESOLVED by the House of Representatives of the Twenty-first Legislature of the State of Hawaii, Regular Session of 2002, the Senate concurring, that Hawaii's congressional delegation is requested to support a full investigation by Congress into all matters surrounding the collapse of Enron; and
BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to each member of Hawaii's congressional delegation.
OFFERED BY: |
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Report Title:
Calls for congressional investigation into collapse of Enron.