Current Status Introducing Body:House Bill Number:4631 Primary Sponsor:Stone Committee Number:24 Type of Legislation:CR Subject:Congressional check-bouncing scandal Residing Body:House Current Committee:Invitations and Memorial Resolutions Computer Document Number:NO5/8287.BD Introduced Date:Mar 31, 1992 Last History Body:House Last History Date:Mar 31, 1992 Last History Type:Introduced, referred to Committee Scope of Legislation:Statewide All Sponsors:Stone Type of Legislation:Concurrent Resolution
Bill Body Date Action Description CMN
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4631 House Mar 31, 1992 Introduced, referred to 24
Committee
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TO MEMORIALIZE CONGRESS TO CONTINUE ITS INVESTIGATION OF THE NOW-CLOSED HOUSE BANK AND TO DISCLOSE ALL INFORMATION RELATED TO THE CONGRESSIONAL CHECK-BOUNCING SCANDAL.
Whereas, the House bank shut its doors three months ago in the wake of the growing check-bouncing scandal; and
Whereas, since 1838, members of Congress have used the bank as a paycheck depository and check-cashing service. It paid no interest and charged none on overdrafts; and
Whereas, it is understandable that a number of members of Congress may have had no idea they were in arrears. The bank almost never bothered to return checks for insufficient funds; and
Whereas, unfortunately the reputations of many innocent men and women who serve in Congress will be tarnished along with those who deliberately manipulated their accounts to get interest-free loans; and
Whereas, the members of the General Assembly of South Carolina are sensitive to the effect this congressional fiasco has on the standing of national, state, and local officeholders in the eyes of constituents; and
Whereas, we feel that a swift response to the alleged abuses is needed to assure the public that government at the national, state, and local levels will not tolerate misuse of the public trust and that violators will be exposed to be dealt with as the voters see fit. Now, therefore,
Be it resolved by the House of Representatives, the Senate concurring:
That the members of the General Assembly memorialize Congress to continue its investigation of the now-closed House bank and to disclose all information related to the congressional check-bouncing scandal.
Be it further resolved that a copy of this resolution be forwarded to the President of the United States Senate, the Speaker of the United States House of Representatives, and each member of the South Carolina Congressional Delegation.