{"database": "openregs", "table": "congressional_record", "rows": [["CREC-2002-12-16-pt1-PgE2146", "2002-12-16", 107, 2, null, null, "DR. GEORGE V. IRONS, SR.'S INDUCTION TO THE ALABAMA MEN'S HALL OF FAME", "HOUSE", "EXTENSIONS", "ALLOTHER", "E2146", "E2148", "[{\"name\": \"Robert B. Aderholt\", \"role\": \"speaking\"}, {\"name\": \"John J. LaFalce\", \"role\": \"speaking\"}]", null, "148 Cong. Rec. E2146", "Congressional Record, Volume 148 Issue 153 (Monday, December 16, 2002)\n\n[Congressional Record Volume 148, Number 153 (Monday, December 16, 2002)]\n[Extensions of Remarks]\n[Pages E2146-E2148]\nFrom the Congressional Record Online through the Government Publishing Office [www.gpo.gov]\n\n DR. GEORGE V. IRONS, SR.'S INDUCTION TO THE ALABAMA MEN'S HALL OF FAME\n\n                                 ______\n\n                        HON. ROBERT B. ADERHOLT\n\n                               of alabama\n\n                    in the house of representatives\n\n                       Monday, December 16, 2002\n\n  Mr. ADERHOLT. Mr. Speaker, I rise today to recognize one of Alabama's\ngreatest native sons--Dr. George Vernon Irons, Sr.\n  Dr. Irons recently received Alabama's highest posthumous honor--\ninduction into the Alabama Men's Hall of Fame in Birmingham. The\nAlabama Men's Hall of Fame was created by the Alabama legislature in\n1987. Its selection board is comprised of members from all seven\ncongressional districts, the Governor, director of archives and history\nand the President of Samford University.\n  Past inductees include America's most distinguished leaders: Wernher\nVon Braun, famed scientist who developed the rocketry to blast American\nastronauts to the Moon and return safely--a first in human history;\nGeorge Washington Carver, botanist who mutated plants to give the south\nvital food sources; and James A. ``Brother'' Bryan, humanitarian, who\ngave sacrificially to fellow Alabamians during its severest economic\ntimes.\n  Its most recent inductee, Dr. Irons, was distinguished professor of\nhistory and political science, Samford University for a near half\ncentury and one of the Nation's greatest athletes. Born in the\n``Shadows of Gaineswood'' in Demopolis, Alabama in 1902, a century\nlater, he is still breaking records. Dr. Irons is the only athlete\ninducted by the Alabama Men's Hall of Fame--the only Samford University\nProfessor--and the only individual inducted by both the Alabama Men's\nHall of Fame and the prestigious Alabama Sports Hall of Fame.\n  While at the University of Alabama, he was first spotted by Coach\nHank Crisp running across the campus--late to class. He promptly put\nhim on the track team, where he broke a collegiate record the first\ntime he ever pulled on a Crimson Tide uniform. Here's how a southern\nGovernor described Bama's ``Chariot of Fire:''\n  ``Long before Bama had been to its first bowl game, before legendary\nCoach Paul Bear Bryant had won a game, Captain George Irons blazed a\ncrimson streak across southern skies establishing an athletic\ntradition, smashing records in distance events as `Ironsides' and the\n`Knight of the Cinder Path.' ''\n  As road racing champion (distance events begun at halftime of major\nfootball games and finishing as the halftime show--after a hill and\ndale course of about 4 miles), Bama's superstar was the ``best there\never was.'' Legendary Crimson Tide coach Wallace Wade (three time Rose\nBowl winner) said Irons was: ``The greatest distance runner of his\nera.''\n  He is the only Crimson Tide track man--the only distance man ever\ninducted by the Alabama Sports Hall of Fame--rare honors he may hold\nforever. Remarkably, some of his records still stand--nearly a century\nlater.\n  Pretty swift in the classroom too, Irons was Phi Beta Kappa honor\ngraduate, Rhodes scholar nominee, earning his doctorate at Duke\nUniversity. Dr. George Denny, president of the University of Alabama,\nappointed him assistant to the faculty beginning his ``longest run'' in\nhigher education. He later joined Howard College (now Samford\nUniversity) in 1933. He also distinguished himself in World War II,\nrising to the rank of colonel, serving 33 years active and reserve\nduty--a Samford record.\n  Dr. Irons received Freedom Foundation's (Valley Forge, Pennsylvania),\nGeorge Washington Medal of Honor for his speech in 1962 entitled:\n``Freedom, America's Weapon of Might.'' It was broadcast worldwide on\nthe U.S. Armed Forces Network. Irons was the first southerner to win\nthis prestigious national award.\n  Mr. Speaker, Dr. Irons was the only man elected by the Alabama Men's\nHall of Fame from the 20th century. J. Lamar Monroe Curry, former\nMember of the United States Congress and Ambassador to Spain, was\nelected for the 19th century. To be considered, nominees must have\nstrong connections to our State and have made a national or\ninternational impact in his profession.\n  Dr. Irons taught seventeen students who became university\npresidents--a record in American education. His innovations in\ncurriculum became a model for higher education across the South and\nNation. A former student wrote: ``Dr. Irons was more than a teacher, he\nwas an architect of the human mind. When he looked out to teach a\nclass, he did not see simply students--he saw the mirror image of\nGod.''\n  His influence continues through the many students who were inspired\nby his life. It's no surprise his student roster included those who\nbecame captains of industry, Supreme Court Justices, Governors, law\nschool deans and America's leaders.\n  The induction ceremony was held at the club in Birmingham by the\nCommittee of 100 Women (leaders of Alabama's civic and social\ncommunities) and the Alabama Men's Hall of Fame. Dr. Irons' son,\nMountain Brook attorney, William L. Irons, gave a moving speech\nhighlighting his father's contributions to Alabama and the American\nNation. His bust was unveiled by Dr. Irons' great grandson, Dylan\nAlexander Irons of Charlotte, North Carolina.\n  Inductees' busts are housed in the Alabama Men's Hall of Fame located\nin the Harwell G. Davis Library of Samford University. As inductee of\nboth of Alabama's most prestigious halls of fame, Dr. Irons has placed\na footprint where no man or woman has trod and should inspire future\nAlabamians.\n  Mr. Speaker, I ask that the article in the University of Alabama\nAlumni Magazine, entitled: ``Knight of the Cinder Path,'' be included\nin the Congressional Record for America to share the achievements of\nthis great American who served his university as distinguished educator\na near half century, his country in war and peace for a third of the\n20th century and his alma mater, the University of Alabama, as record\nbreaking champion athlete and honor graduate.\n\n[[Page E2147]]\n\n                                  SEC\n\n                                 ______\n\n                          HON. JOHN J. LaFALCE\n\n                              of new york\n\n                    in the house of representatives\n\n                       Monday, December 16, 2002\n\n  Mr. LaFALCE. Mr. Speaker, it is my pleasure to submit to the\nCongressional Record the important work that has been done at the\nSecurities and Exchange Commission (SEC) in the last year under\nChairman Harvey Pitt. While there has been much turmoil and controversy\nover the last year, we should recognize and honor the many very real\nand important accomplishments of the Commission and its staff during\nthis period. From the incredible efforts of Chairman Pitt and\nCommission staff to help the securities markets recover from the\ndevastation of September 11, 2001, to the unprecedented number of\nenforcement cases and complex financial fraud investigations undertaken\nin the last year, Chairman Pitt and the Commission have much of which\nto be proud.\n\n                          SEC Accomplishments\n\n                            Fiscal Year 2002\n\n       The 2002 Fiscal Year has been challenging for the markets\n     and investors alike. This past year included not only the\n     continued effects of the tragedies of September 11, 2001, but\n     also the significant corporate scandals that began with\n     Enron. Fiscal Year 2002 represented a continuation of the\n     SEC's work on important issues such as market structure,\n     regulatory reform for mutual funds, and improved regulation\n     of research analyst conflicts. In the past year, the SEC has\n     taken unprecedented, aggressive steps to investigate possible\n     wrongdoing, propose tough new regulations, and fully\n     implement the Sarbanes-Oxley Act.\n\n                       Overall agency highlights\n\n       Implementation of the Sarbanes-Oxley Act--The Commission\n     has moved aggressively to implement provisions of the\n     landmark legislation signed into law on July 30, 2002, to\n     reform the accounting industry and restore the integrity of\n     the financial reporting system. Since the bill was signed\n     into law, the Commission has undertaken ten major\n     rulemakings, while making significant progress on the seven\n     studies required by the legislation.\n       Response to the September 11, 2001 terrorist attacks--The\n     Commission actively responded to the events of September 11.\n     During the attacks, the New York offices of the SEC were\n     destroyed, and the Commission worked quickly to reestablish\n     operations. The Commission continues to work with other U.S.\n     financial regulators--the Federal Reserve Board, the Office\n     of the Comptroller of the Currency and the New York State\n     Banking Department--on a project to strengthen the\n     operational resilience of the financial sector. The\n     Commission has also taken numerous steps to implement the\n     Patriot Act to deter international money laundering and\n     combat terrorist financing.\n       SEC, NY Attorney General, NYSF, NASD, NASAA Agreement on\n     Reforming Wall Street Practices--The Commission, the New York\n     State Attorney General's Office, the NYSE, the NASD and the\n     North American Securities Administrators Association\n     announced a joint effort to bring to a speedy and coordinated\n     conclusion the various investigations concerning analyst\n     research and IPO allocations. (October 3, 2002)\n       Review of Initial Public Offering Process--The SEC asked\n     the National Association of Securities Dealers and the New\n     York Stock Exchange to review the initial public offering\n     (IPO) process, including IPO allocation practices and the\n     roles of issuers and underwriters in the price setting and\n     offering process. (August 22, 2002)\n\n                        Enforcement initiatives\n\n       In the past year the Enforcement Division of the SEC has\n     taken a record 598 actions, a 24% increase over 2001, and a\n     19% increase over 2000. (See ``Record of Enforcement''\n     below.)\n       This year's actions include the following significant\n     cases:\n       Charged former Enron CFO, Andrew Fastow with fraud.\n     (October 2, 2002)\n       Settled fraud charges against Michael Kopper, a former\n     high-ranking Enron official. (August 21, 2002)\n       Charged three former senior executives of Homestore Inc.\n     with perpetrating an extensive scheme to fraudulently inflate\n     Homestore's advertising revenues by arranging fraudulent\n     ``round-trip'' transactions. The defendants agreed to return\n     ill-gotten gains of approximately $4.6 million to be paid to\n     the benefit of shareholders, under the Fair Funds provision\n     of the recently enacted Sarbanes-Oxley Act of 2002.\n     (September 25, 2002)\n       Settled with Dynegy for securities fraud charges involving\n     Special Purpose Entities (SPEs) and round-trip energy trades.\n     (September 24, 2002)\n       Charged three former top Tyco International executives,\n     including CEO L. Dennis Kozlowski, with failing to disclose\n     multi-million dollar low interest and interest-free loans\n     from the company, and in some cases, never repaid. They were\n     also charged with selling shares of Tyco stock valued at\n     millions of dollars while their self-dealing remained\n     undisclosed. (September 12, 2002)\n       Charged Adelphia and Rigas family with massive financial\n     fraud. (July 24, 2002)\n       Filed fraud charges against WorldCom within 24 hours of the\n     company's revelation of its massive accounting problems.\n     (June 26, 2002)\n       Charged former Rite Aid senior management with fraud in\n     connection with its financial disclosures. (June 21, 2002)\n       Settled SEC enforcement action for financial fraud with\n     Xerox, assessing a $10 million penalty, the largest ever\n     penalty against a public company for financial fraud. (April\n     11, 2002)\n       Filed a settled action against Credit Suisse First Boston\n     for IPO allocation practices that violated NASD rules. CSFB\n     agreed to pay $100 million in penalties and disgorgement.\n     (January 22, 2002)\n       Brought a settled administrative action charging Trump\n     Hotels with fraud in the first enforcement action based on\n     misleading ``pro forma financials.'' (January 16, 2002)\n       Brought a series of significant settled enforcement actions\n     alleging violations of the auditor independence rules against\n     Price WaterhouseCoopers, Moret Ernst & Young Accountants and\n     KPMG. (July 17, 2002; June 27, 2002; January 14, 2002)\n\n            Corporate disclosure and accounting initiatives\n\n       Pro Forma Financial Statements--The Commission issued\n     cautionary advice related to ``pro forma'' financial\n     information, or information that is not prepared using\n     Generally Accepted Accounting Principles required for\n     financial statements filed with the SEC, and that may be\n     confusing or misleading. The Commission issued an ``Investor\n     Alert'' that describes how ``pro forma financials should be\n     analyzed, including a reminder that they should be viewed\n     with appropriate and healthy skepticism.'' (December 4, 2001)\n       Monitoring Annual Reports of Fortune 500 Companies--The\n     Commission monitored the annual reports of all Fortune 500\n     Companies to identify information that may be unclear or\n     conflict with Generally Accepted Accounting Principles or SEC\n     rules. (December 21, 2001)\n       Disclosure of Equity Compensation Plan Information--Adopted\n     rule amendments designed to enhance disclosure about equity\n     compensation plans, including stock options. (December 21,\n     2001)\n       Disclosure Requirements for Public Companies--Called for\n     corporate disclosure of the impact of off-balance sheet\n     arrangements and other obligations regarding liquidity and\n     capital resources. (January 22, 2002)\n       Disclosure of Certain Management Transactions--Proposed\n     amendments responding to investors' need for timely\n     disclosure of transactions and other arrangements between\n     companies and their executive officers and directors, (April\n     12, 2002--later included in the Sarbanes-Oxley Act)\n       Acceleration of Periodic Report Filing Dates--Proposed\n     (April 12, 2002) and adopted (August 17, 2002) acceleration\n     of the filing of quarterly and annual reports to be phased in\n     over three years. These rules require that annual reports be\n     filed within 60 days of the close of the fiscal year and\n     quarterly reports be filed within 35 days of each quarter's\n     end.\n       Mandated EDGAR Filing for Foreign Issuers--Adopted rule\n     amendments to require foreign private issuers and foreign\n     governments to file their securities documents electronically\n     through the EDGAR system. (May 8, 2002)\n       Critical Accounting Polices--Proposed amendments to enhance\n     investors' understanding of the application of companies'\n     critical accounting polices. (May 10, 2002)\n       Additional Current Disclosure Requirements and acceleration\n     of Filing Date--To provide investors with up-to-date\n     information, proposed additional items and events that must\n     be reported on Form 8-K within two business days of the\n     action. (June 17, 2002)\n       Certification of Disclosure in Companies' Quarterly and\n     Annual Reports--To increase the accountability of senior\n     company officers, proposed rules to require certification of\n     a company's reports by the CEO and CFO. (June 17, 2002--later\n     included in the Sarbanes-Oxley Act)\n       SEC Order to Largest Publicly Traded Companies--Ordered the\n     947 largest publicly traded companies to certify the accuracy\n     and completeness of their filings. (June 27, 2002)\n       SRO Listing Standards on Corporate Governance--In response\n     to the SEC's request in February, the NYSE and Nasdaq have\n     come forward with proposals that will produce the most\n     substantial corporate governance and listing standards reform\n     in decades.\n\n                     Market regulation initiatives\n\n       Commodities Futures Modernization Act (CFMA) Rulemakings--\n     Conducted extensive rulemaking, much of it jointly with the\n     Commodities Futures Trading Commission, to permit for the\n     first time trading in security futures products, including\n     single stock futures.\n       Analyst Conflicts of Interest--Approved NASD and NYSE rules\n     that address potential conflicts of interest by research\n     analysts. Launched a thorough examination of analyst\n     conflicts of interest. Proposed Regulation AC, requiring\n     research analysts to certify the truthfulness of their views\n     in research reports and public appearances and disclose\n     whether they have received any compensation related to the\n     specific recommendation provided in those reports and\n     appearances.\n       Rating Agencies--Launched a thorough examination of the\n     role of rating agencies in the U.S. securities markets.\n       Significant Progress on Options Market Linkage--Approved an\n     amendment to the\n\n[[Page E2148]]\n\n     Linkage Plan filed by the options exchanges that, among other\n     things, requires the intermarket linkage to be fully\n     implemented no later than April 30, 2003. The intermarket\n     linkage in an important step in improving options customers'\n     ability to receive the best prices available. (May 29, 2002)\n\n                   Investment management initiatives\n\n       Investment Adviser Public Disclosure--Launched website\n     which provides investors a valuable tool to help compare the\n     business practices, services and fees of investment advisers\n     online, free of charge. The website also contains\n     disciplinary information regarding advisers. (September 25,\n     2001)\n       Mutual Fund Advertising Proposal--Proposed amendments to\n     modernize the mutual fund advertising rules. (May 14, 2002)\n       Hedge Funds Investigation--Launched a formal fact-finding\n     investigation to provide the Commission with a better\n     understanding of the issues currently affecting private\n     investment funds, including Hedge Funds. (May 29, 2002)\n       Disclosure of Proxy Voting by Mutual Funds and Investment\n     Advisers--Proposed amendments that would require mutual funds\n     and other registered management investment companies to file\n     with the Commission, and make available to shareholders,\n     their proxy voting records relating to portfolio securities\n     and disclose the policies and procedures they use to\n     determine how to vote proxies. The proposal would require\n     advisers to adopt proxy voting policies, to disclose these\n     policies to clients and how clients can obtain information on\n     how the adviser has voted on the proxies. (September 19,\n     2002)\n       Fixed Income Exchange-Traded Funds--Approved the first\n     exchange-trade funds based on fixed income indices, giving\n     investors another option to invest in a basket of fixed\n     income securities, providing lower expenses and intra-day\n     pricing.\n\n             Investor education and assistance initiatives\n\n       Fake ``Scam'' Site Initiative--Launched three fake ``scam''\n     Web sites that warn investors about fraud before they lose\n     their money. http://www.mcwhortle.com. (January 20, 2002)\n       Roundtables and Investor Summit--Held three Roundtables on\n     Accounting and Auditing: New York (March 4, 2002),\n     Washington, DC (March 6, 2002) and Chicago (April 4, 2002)\n     and held the first-ever Investor Summit. (May 10, 2002)\n       Investor Assistance--Provided individual responses to over\n     82,000 complaints and questions from investors. Additionally,\n     the interactive ``Fast Answers'' database on the SEC's Web\n     site provided instant answers to nearly 206,000 questions\n     from the public.\n\n      U.S. SECURITIES AND EXCHANGE COMMISSION RECORD OF ENFORCEMENT\n------------------------------------------------------------------------\n                                             FY 2000   FY 2001   FY 2002\n------------------------------------------------------------------------\nTotal Enforcement actions filed...........       503       484       598\nFinancial fraud and issuer reporting             103       112       163\n actions filed............................\nOfficer and director bars sought (in all          38        51       126\n categories of cases).....................\nTemporary restraining orders filed (in all        33        31        48\n categories of cases).....................\nAsset freezes (in all categories of cases)        56        43        63\nTrading suspensions.......................        11         2        11\nSubpoena enforcement proceedings..........         8        15        19\nDisgorgement ordered (in millions) \\1\\....      $463      $530    $1,328\nPenalties ordered (in millions) \\1\\.......     $43.7     $56.1    $116.4\n------------------------------------------------------------------------\n\\1\\ Includes amounts disbursed to the NASD as part of the Credit Suisse\n  First Boston settlement.\n\n                          ____________________"]], "columns": ["granule_id", "date", "congress", "session", "volume", "issue", "title", "chamber", "granule_class", "sub_granule_class", "page_start", "page_end", "speakers", "bills", "citation", "full_text"], "primary_keys": ["granule_id"], "primary_key_values": ["CREC-2002-12-16-pt1-PgE2146"], "units": {}, "query_ms": 15.150702907703817, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}