In case anyone is interested in a resolution stemming from the ENRON
debacle that can be presented at caucuses tonight, here is the one I am
planning on putting forward:

WHEREAS the scandal involving ENRON Inc. and it�s affiliates has caused
scores of employees to lose their life savings and

WHEREAS the situation has been exacerbated by essentially false financial
reporting by ENRON Inc. and

WHEREAS the company responsible for auditing the Corporation was apparently
unable to uncover the irregularities and

WHEREAS Government oversight and regulation is necessary to ensure that
this tragedy for ENRON Inc. employees past and present and working families
in general

THEN BE IT THEREFORE RESOLVED that this body go on record in support of
H.R. 3795 currently proposed by Dennis Kucininch, U.S. Representative from
Ohio, calling for the establishment of a Federal Bureau of Audits operating
within the Securities and Exchange Commission responsible for auditing
publicly traded companies and

BE IT FURTHER RESOLVED that this body call upon the Federal government to
fully fund such a department through the additional taxation of the
corporations that would be subject to this Bureau's audits enabling the
creation of the department to remain cost-neutral for taxpayers and

BE IT FURTHER RESOLVED that this body request that the current
representative from Minnesota's 5th Congressional District, Hon. Martin
Olav Sabo sign on as a co-sponsor of this bill.


Bob Velez
Shingle Creek
Ward 4-1


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