III

104TH CONGRESS

1ST SESSION S. RES. 120

Establishing a special committee administered by the Committee on Banking,

Housing, and Urban Affairs to conduct an investigation involving

Whitewater Development Corporation, Madison Guaranty Savings and

Loan Association, Capital Management Services, Inc., the Arkansas Development Finance Authority, and other related matters.

IN THE SENATE OF THE UNITED STATES

MAY 17 (legislative day, MAY 15), 1995

Mr. D’AMATO (for himself and Mr. DOLE) submitted the following resolution;

which was considered and agreed to

RESOLUTION

Establishing a special committee administered by the Committee on Banking, Housing, and Urban Affairs to conduct an investigation involving Whitewater Development

Corporation, Madison Guaranty Savings and Loan Association, Capital Management Services, Inc., the Arkansas

Development Finance Authority, and other related

matters.

1 Resolved,

2 SECTION 1. ESTABLISHMENT OF SPECIAL COMMITTEE.

3 (a) ESTABLISHMENT.—There is established a special

4 committee administered by the Committee on Banking,

5 Housing, and Urban Affairs to be known as the ‘‘Special
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1 Committee to Investigate Whitewater Development Cor2 poration and Related Matters’’ (hereafter in this resolu3 tion referred to as the ‘‘special committee’’).

4 (b) PURPOSES.—The purposes of the special commit5 tee are—

6 (1) to conduct an investigation and public hear7 ings into, and study of, whether improper conduct

8 occurred regarding the way in which White House

9 officials handled documents in the office of White

10 House Deputy Counsel Vincent Foster following his

11 death;

12 (2) to conduct an investigation and public hear13 ings into, and study of, the following matters devel14 oped during, or arising out of, the investigation and

15 public hearings concluded by the Committee on

16 Banking, Housing, and Urban Affairs prior to the

17 adoption of this resolution—

18 (A) whether any person has improperly

19 handled confidential Resolution Trust Corpora20 tion (hereafter in this resolution referred to as

21 the ‘‘RTC’’) information relating to Madison

22 Guaranty Savings and Loan Association or

23 Whitewater Development Corporation, including

24 whether any person has improperly commu-
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1 nicated such information to individuals ref2 erenced therein;

3 (B) whether the White House has engaged

4 in improper contacts with any other agency or

5 department in the Government with regard to

6 confidential RTC information relating to Madi7 son Guaranty Savings and Loan Association or

8 Whitewater Development Corporation;

9 (C) whether the Department of Justice has

10 improperly handled RTC criminal referrals re11 lating to Madison Guaranty Savings and Loan

12 Association or Whitewater Development Cor13 poration;

14 (D) whether RTC employees have been im15 properly importuned, prevented, restrained, or

16 deterred in conducting investigations or making

17 enforcement recommendations relating to Madi18 son Guaranty Savings and Loan Association or

19 Whitewater Development Corporation; and

20 (E) whether the report issued by the Office

21 of Government Ethics on July 31, 1994, or re22 lated transcripts of deposition testimony—

23 (i) were improperly released to White

24 House officials or others prior to their tes25 timony before the Committee on Banking,
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1 Housing, and Urban Affairs pursuant to

2 Senate Resolution 229 (103d Congress); or

3 (ii) were used to communicate to

4 White House officials or to others con5 fidential RTC information relating to

6 Madison Guaranty Savings and Loan As7 sociation or Whitewater Development Cor8 poration;

9 (3) to conduct an investigation and public hear10 ings into, and study of, all matters that have any

11 tendency to reveal the full facts about—

12 (A) the operations, solvency, and regula13 tion of Madison Guaranty Savings and Loan

14 Association, and any subsidiary, affiliate, or

15 other entity owned or controlled by Madison

16 Guaranty Savings and Loan Association;

17 (B) the activities, investments, and tax li18 ability of Whitewater Development Corporation

19 and, as related to Whitewater Development

20 Corporation, of its officers, directors, and

21 shareholders;

22 (C) the policies and practices of the RTC

23 and the Federal banking agencies (as that term

24 is defined in section 3 of the Federal Deposit

25 Insurance Act) regarding the legal representa-
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1 tion of such agencies with respect to Madison

2 Guaranty Savings and Loan Association;

3 (D) the handling by the RTC, the Office of

4 Thrift Supervision, the Federal Deposit Insur5 ance Corporation, and the Federal Savings and

6 Loan Insurance Corporation of civil or adminis7 trative actions against parties regarding Madi8 son Guaranty Savings and Loan Association;

9 (E) the sources of funding and the lending

10 practices of Capital Management Services, Inc.,

11 and its supervision and regulation by the Small

12 Business Administration, including any alleged

13 diversion of funds to Whitewater Development

14 Corporation;

15 (F) the bond underwriting contracts be16 tween Arkansas Development Finance Author17 ity and Lasater & Company; and

18 (G) the lending activities of Perry County

19 Bank, Perryville, Arkansas, in connection with

20 the 1990 Arkansas gubernatorial election;

21 (4) to make such findings of fact as are war22 ranted and appropriate;

23 (5) to make such recommendations, including

24 recommendations for legislative, administrative, or
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1 other actions, as the special committee may deter2 mine to be necessary or desirable; and

3 (6) to fulfill the constitutional oversight and in4 formational functions of the Congress with respect

5 to the matters described in this section.

6 SEC. 2. MEMBERSHIP AND ORGANIZATION OF THE SPECIAL

7 COMMITTEE.

8 (a) MEMBERSHIP.—

9 (1) IN GENERAL.—The special committee shall

10 consist of—

11 (A) the members of the Committee on

12 Banking, Housing, and Urban Affairs; and

13 (B) the chairman and ranking member of

14 the Committee on the Judiciary, or their des15 ignees from the Committee on the Judiciary.

16 (2) SENATE RULE XXV.—For the purpose of

17 paragraph 4 of rule XXV of the Standing Rules of

18 the Senate, service of a Senator as the chairman or

19 other member of the special committee shall not be

20 taken into account.

21 (b) ORGANIZATION OF SPECIAL COMMITTEE.—

22 (1) CHAIRMAN.—The chairman of the Commit23 tee on Banking, Housing, and Urban Affairs shall

24 serve as the chairman of the special committee
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1 (hereafter in this resolution referred to as the

2 ‘‘chairman’’).

3 (2) RANKING MEMBER.—The ranking member

4 of the Committee on Banking, Housing, and Urban

5 Affairs shall serve as the ranking member of the

6 special committee (hereafter in this resolution re7 ferred to as the ‘‘ranking member’’).

8 (3) QUORUM.—A majority of the members of

9 the special committee shall constitute a quorum for

10 the purpose of reporting a matter or recommenda11 tion to the Senate. A majority of the members of the

12 special committee, or one-third of the members of

13 the special committee if at least one member of the

14 minority party is present, shall constitute a quorum

15 for the conduct of other business. One member of

16 the special committee shall constitute a quorum for

17 the purpose of taking testimony.

18 (c) RULES AND PROCEDURES.—Except as otherwise

19 specifically provided in this resolution, the special commit20 tee’s investigation, study, and hearings shall be governed

21 by the Standing Rules of the Senate and the Rules of Pro22 cedure of the Committee on Banking, Housing, and Urban

23 Affairs. The special committee may adopt additional rules

24 or procedures not inconsistent with this resolution or the

25 Standing Rules of the Senate if the chairman and ranking
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1 member agree that such additional rules or procedures are

2 necessary to enable the special committee to conduct the

3 investigation, study, and hearings authorized by this reso4 lution. Any such additional rules and procedures shall be5 come effective upon publication in the Congressional

6 Record.

7 SEC. 3. STAFF OF THE SPECIAL COMMITTEE.

8 (a) APPOINTMENTS.—To assist the special committee

9 in the investigation, study, and hearings authorized by this

10 resolution, the chairman and the ranking member each

11 may appoint special committee staff, including consult12 ants.

13 (b) ASSISTANCE FROM THE SENATE LEGAL COUN14 SEL.—To assist the special committee in the investigation,

15 study, and hearings authorized by this resolution, the Sen16 ate Legal Counsel and the Deputy Senate Legal Counsel

17 shall work with and under the jurisdiction and authority

18 of the special committee.

19 (c) ASSISTANCE FROM THE COMPTROLLER GEN20 ERAL.—The Comptroller General of the United States is

21 requested to provide from the General Accounting Office

22 whatever personnel or other appropriate assistance as may

23 be required by the special committee, or by the chairman

24 or the ranking member.
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1 SEC. 4. PUBLIC ACTIVITIES OF THE SPECIAL COMMITTEE.

2 (a) IN GENERAL.—Consistent with the rights of per3 sons subject to investigation and inquiry, the special com4 mittee shall make every effort to fulfill the right of the

5 public and the Congress to know the essential facts and

6 implications of the activities of officials of the United

7 States Government and other persons and entities with re8 spect to the matters under investigation and study, as de9 scribed in section 1.

10 (b) DUTIES.—In furtherance of the right of the pub11 lic and the Congress to know, the special committee—

12 (1) shall hold, as the chairman (in consultation

13 with the ranking member) considers appropriate and

14 in accordance with paragraph 5(b) of rule XXVI of

15 the Standing Rules of the Senate, hearings on spe16 cific subjects, subject to consultation and coordina17 tion with the independent counsel appointed pursu18 ant to chapter 40 of title 28, United States Code,

19 in Division No. 94–1 (D.C. Cir. August 5, 1994)

20 (hereafter in this resolution referred to as ‘‘the inde21 pendent counsel’’);

22 (2) may make interim reports to the Senate as

23 it considers appropriate; and

24 (3) shall make a final comprehensive public re25 port to the Senate which contains—
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1 (A) a description of all relevant factual de2 terminations; and

3 (B) recommendations for legislation, if

4 necessary.

5 SEC. 5. POWERS OF THE SPECIAL COMMITTEE.

6 (a) IN GENERAL.—The special committee shall do ev7 erything necessary and appropriate under the laws and the

8 Constitution of the United States to conduct the investiga9 tion, study, and hearings authorized by section 1.

10 (b) EXERCISE OF AUTHORITY.—The special commit11 tee may exercise all of the powers and responsibilities of

12 a committee under rule XXVI of the Standing Rules of

13 the Senate and section 705 of the Ethics in Government

14 Act of 1978, including the following:

15 (1) SUBPOENA POWERS.—To issue subpoenas

16 or orders for the attendance of witnesses or for the

17 production of documentary or physical evidence be18 fore the special committee. A subpoena or order may

19 be authorized by the special committee or by the

20 chairman with the agreement of the ranking mem21 ber, and may be issued by the chairman or any other

22 member of the special committee designated by the

23 chairman, and may be served by any person des24 ignated by the chairman or the authorized member

25 anywhere within or outside of the borders of the
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1 United States to the full extent permitted by law.

2 The chairman, or any other member of the special

3 committee, is authorized to administer oaths to any

4 witnesses appearing before the special committee. If

5 a return on a subpoena or order for the production

6 of documentary or physical evidence is incomplete or

7 accompanied by an objection, the chairman (in con8 sultation with the ranking member) may convene a

9 meeting or hearing to determine the adequacy of the

10 return and to rule on the objection. At a meeting or

11 hearing on such a return, one member of the special

12 committee shall constitute a quorum. The special

13 committee shall not initiate procedures leading to

14 civil or criminal enforcement of a subpoena unless

15 the person or entity to whom the subpoena is di16 rected refuses to produce the required documentary

17 or physical evidence after having been ordered and

18 directed to do so.

19 (2) COMPENSATION AUTHORITY.—To employ

20 and fix the compensation of such clerical, investiga21 tory, legal, technical, and other assistants as the

22 special committee, or the chairman or the ranking

23 member, considers necessary or appropriate.
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1 (3) MEETINGS.—To sit and act at any time or

2 place during sessions, recesses, and adjournment pe3 riods of the Senate.

4 (4) HEARINGS.—To hold hearings, take testi5 mony under oath, and receive documentary or phys6 ical evidence relating to the matters and questions it

7 is authorized to investigate or study. Unless the

8 chairman and the ranking member otherwise agree,

9 the questioning of a witness or a panel of witnesses

10 at a hearing shall be limited to one initial 30-minute

11 turn each for the chairman and the ranking mem12 ber, or their designees, including majority and mi13 nority staff, and thereafter to 10-minute turns by

14 each member of the special committee if 5 or more

15 members are present, and to 15-minute turns by

16 each member of the special committee if fewer than

17 5 members are present. A member may be permitted

18 further questions of the witness or panel of wit19 nesses, either by using time that another member

20 then present at the hearing has yielded for that pur21 pose during the yielding member’s turn, or by using

22 time allotted after all members have been given an

23 opportunity to question the witness or panel of wit24 nesses. At all times, unless the chairman and the

25 ranking member otherwise agree, the questioning
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1 shall alternate back and forth between members of

2 the majority party and members of the minority

3 party. In their discretion, the chairman and the

4 ranking member, respectively, may designate major5 ity or minority staff to question a witness or a panel

6 of witnesses at a hearing during time yielded by a

7 member of the chairman’s or the ranking member’s

8 party then present at the hearing for his or her

9 turn.

10 (5) TESTIMONY OF WITNESSES.—To require by

11 subpoena or order the attendance, as a witness be12 fore the special committee or at a deposition, of any

13 person who may have knowledge or information con14 cerning any of the matters that the special commit15 tee is authorized to investigate and study.

16 (6) IMMUNITY.—To grant a witness immunity

17 under sections 6002 and 6005 of title 18, United

18 States Code, provided that the independent counsel

19 has not informed the special committee in writing

20 that immunizing the witness would interfere with the

21 ability of the independent counsel successfully to

22 prosecute criminal violations. Not later than 10 days

23 before the special committee seeks a Federal court

24 order for a grant of immunity by the special commit25 tee, the Senate Legal Counsel shall cause to be de-
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1 livered to the independent counsel a written request

2 asking the independent counsel promptly to inform

3 the special committee in writing if, in the judgment

4 of the independent counsel, the grant of immunity

5 would interfere with the ability of the independent

6 counsel successfully to prosecute criminal violations.

7 The Senate Legal Counsel’s written request of the

8 independent counsel required by this paragraph shall

9 be in addition to all notice requirements set forth in

10 sections 6002 and 6005 of title 18, United States

11 Code.

12 (7) DEPOSITIONS.—To take depositions and

13 other testimony under oath anywhere within the

14 United States, to issue orders that require witnesses

15 to answer written interrogatories under oath, and to

16 make application for the issuance of letters rogatory.

17 All depositions shall be conducted jointly by majority

18 and minority staff of the special committee. A wit19 ness at a deposition shall be examined upon oath ad20 ministered by a member of the special committee or

21 an individual authorized by local law to administer

22 oaths, and a complete transcription or electronic re23 cording of the deposition shall be made. Questions

24 shall be propounded first by majority staff of the

25 special committee and then by minority staff of the
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1 special committee. Any subsequent round of ques2 tioning shall proceed in the same order. Objections

3 by the witness as to the form of questions shall be

4 noted for the record. If a witness objects to a ques5 tion and refuses to answer on the basis of relevance

6 or privilege, the special committee staff may proceed

7 with the deposition, or may, at that time or at a

8 subsequent time, seek a ruling on the objection from

9 the chairman. If the chairman overrules the objec10 tion, the chairman may order and direct the witness

11 to answer the question, but the special committee

12 shall not initiate procedures leading to civil or crimi13 nal enforcement unless the witness refuses to answer

14 after having been ordered and directed to answer.

15 (8) DELEGATIONS TO STAFF.—To issue com16 missions and to notice depositions for staff members

17 to examine witnesses and to receive evidence under

18 oath administered by an individual authorized by

19 local law to administer oaths. The special committee,

20 or the chairman with the concurrence of the ranking

21 member, may delegate to designated staff members

22 of the special committee the power to issue deposi23 tion notices authorized pursuant to this paragraph.

24 (9) INFORMATION FROM OTHER SOURCES.—To

25 require by subpoena or order—
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1 (A) any department, agency, entity, officer,

2 or employee of the United States Government;

3 (B) any person or entity purporting to act

4 under color or authority of State or local law;

5 or

6 (C) any private person, firm, corporation,

7 partnership, or other organization;

8 to produce for consideration by the special commit9 tee or for use as evidence in the investigation, study,

10 or hearings of the special committee, any book,

11 check, canceled check, correspondence, communica12 tion, document, financial record, paper, physical evi13 dence, photograph, record, recording, tape, or any

14 other material relating to any of the matters or

15 questions that the special committee is authorized to

16 investigate and study which any such person or en17 tity may possess or control.

18 (10) RECOMMENDATIONS TO THE SENATE.—To

19 make to the Senate any recommendations, by report

20 or resolution, including recommendations for crimi21 nal or civil enforcement, which the special committee

22 may consider appropriate with respect to—

23 (A) the willful failure or refusal of any per24 son to appear before it, or at a deposition, or
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1 to answer interrogatories, in compliance with a

2 subpoena or order;

3 (B) the willful failure or refusal of any

4 person to answer questions or give testimony

5 during the appearance of that person as a wit6 ness before the special committee, or at a depo7 sition, or in response to interrogatories; or

8 (C) the willful failure or refusal of—

9 (i) any officer or employee of the

10 United States Government;

11 (ii) any person or entity purporting to

12 act under color or authority of State or

13 local law; or

14 (iii) any private person, partnership,

15 firm, corporation, or organization;

16 to produce before the special committee, or at

17 a deposition, or at any time or place designated

18 by the committee, any book, check, canceled

19 check, correspondence, communication, docu20 ment, financial record, paper, physical evidence,

21 photograph, record, recording, tape, or any

22 other material in compliance with any subpoena

23 or order.
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1 (11) CONSULTANTS.—To procure the tem2 porary or intermittent services of individual consult3 ants, or organizations thereof.

4 (12) OTHER GOVERNMENT PERSONNEL.—To

5 use, on a reimbursable basis and with the prior con6 sent of the Government department or agency con7 cerned, the services of the personnel of such depart8 ment or agency.

9 (13) OTHER CONGRESSIONAL STAFF.—To use,

10 with the prior consent of any member of the Senate

11 or the chairman or the ranking member of any other

12 Senate committee or the chairman or ranking mem13 ber of any subcommittee of any committee of the

14 Senate, the facilities or services of the appropriate

15 members of the staff of such member of the Senate

16 or other Senate committee or subcommittee, when17 ever the special committee or the chairman or the

18 ranking member considers that such action is nec19 essary or appropriate to enable the special commit20 tee to conduct the investigation, study, and hearings

21 authorized by this resolution.

22 (14) ACCESS TO INFORMATION AND EVI23 DENCE.—To permit any members of the special

24 committee, staff director, counsel, or other staff

25 members or consultants designated by the chairman
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1 or the ranking member, access to any data, evidence,

2 information, report, analysis, document, or paper—

3 (A) that relates to any of the matters or

4 questions that the special committee is author5 ized to investigate or study under this resolu6 tion;

7 (B) that is in the custody or under the

8 control of any department, agency, entity, offi9 cer, or employee of the United States Govern10 ment, including those which have the power

11 under the laws of the United States to inves12 tigate any alleged criminal activities or to pros13 ecute persons charged with crimes against the

14 United States without regard to the jurisdiction

15 or authority of any other Senate committee or

16 subcommittee; and

17 (C) that will assist the special committee

18 to prepare for or conduct the investigation,

19 study, and hearings authorized by this resolu20 tion.

21 (15) REPORTS OF VIOLATIONS OF LAW.—To re22 port possible violations of any law to appropriate

23 Federal, State, or local authorities.

24 (16) EXPENDITURES.—To expend, to the ex25 tent that the special committee determines necessary
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1 and appropriate, any money made available to the

2 special committee by the Senate to carry out this

3 resolution.

4 (17) TAX RETURN INFORMATION.—To inspect

5 and receive, in accordance with the procedures set

6 forth in sections 6103(f)(3) and 6104(a)(2) of the

7 Internal Revenue Code of 1986, any tax return or

8 tax return information, held by the Secretary of the

9 Treasury, if access to the particular tax-related in10 formation sought is necessary to the ability of the

11 special committee to carry out section 1(b)(3)(B).

12 SEC. 6. PROTECTION OF CONFIDENTIAL INFORMATION.

13 (a) NONDISCLOSURE.—No member of the special

14 committee or the staff of the special committee shall dis15 close, in whole or in part or by way of summary, to any

16 person other than another member of the special commit17 tee or other staff of the special committee, for any purpose

18 or in connection with any proceeding, judicial or otherwise,

19 any testimony taken, including the names of witnesses tes20 tifying, or material presented, in depositions or at closed

21 hearings, or any confidential materials or information, un22 less authorized by the special committee or the chairman

23 in concurrence with the ranking member.

24 (b) STAFF NONDISCLOSURE AGREEMENT.—All mem25 bers of the staff of the special committee with access to
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1 confidential information within the control of the special

2 committee shall, as a condition of employment, agree in

3 writing to abide by the conditions of this section and any

4 nondisclosure agreement promulgated by the special com5 mittee that is consistent with this section.

6 (c) SANCTIONS.—

7 (1) MEMBER SANCTIONS.—The case of any

8 Senator who violates the security procedures of the

9 special committee may be referred to the Select

10 Committee on Ethics of the Senate for investigation

11 and the imposition of sanctions in accordance with

12 the rules of the Senate.

13 (2) STAFF SANCTIONS.—Any member of the

14 staff of the special committee who violates the secu15 rity procedures of the special committee shall imme16 diately be subject to removal from office or employ17 ment with the special committee or such other sanc18 tion as may be provided in any rule issued by the

19 special committee consistent with section 2(c).

20 (d) STAFF DEFINED.—For purposes of this section,

21 the term ‘‘staff of the special committee’’ includes—

22 (1) all employees of the special committee;

23 (2) all staff designated by the members of the

24 special committee to work on special committee busi25 ness;
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1 (3) all Senate staff assigned to special commit2 tee business pursuant to section 5(b)(13);

3 (4) all officers and employees of the Office of

4 Senate Legal Counsel who are requested to work on

5 special committee business; and

6 (5) all detailees and consultants to the special

7 committee.

8 SEC. 7. RELATION TO OTHER INVESTIGATIONS.

9 (a) PURPOSES.—The purposes of this section are—

10 (1) to expedite the thorough conduct of the in11 vestigation, study, and hearings authorized by this

12 resolution;

13 (2) to promote efficiency among all the various

14 investigations underway in all branches of the

15 United States Government; and

16 (3) to engender a high degree of confidence on

17 the part of the public regarding the conduct of such

18 investigation, study, and hearings.

19 (b) SPECIAL COMMITTEE ACTIONS.—To carry out

20 the purposes stated in subsection (a), the special commit21 tee is encouraged—

22 (1) to obtain relevant information concerning

23 the status of the investigation of the independent

24 counsel, to assist in establishing a hearing schedule

25 for the special committee; and
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1 (2) to coordinate, to the extent practicable, the

2 activities of the special committee with the investiga3 tion of the independent counsel.

4 SEC. 8. SALARIES AND EXPENSES.

5 A sum equal to not more than $950,000 for the pe6 riod beginning on the date of adoption of this resolution

7 and ending on February 29, 1996, shall be made available

8 from the contingent fund of the Senate out of the Account

9 for Expenses for Inquiries and Investigations for payment

10 of salaries and other expenses of the special committee

11 under this resolution, which shall include not more than

12 $750,000 for the procurement of the services of individual

13 consultants or organizations thereof, in accordance with

14 section 5(b)(11). Payment of expenses shall be disbursed

15 upon vouchers approved by the chairman, except that

16 vouchers shall not be required for the disbursement of sal17 aries paid at an annual rate.

18 SEC. 9. REPORTS; TERMINATION.

19 (a) COMPLETION OF DUTIES.—

20 (1) IN GENERAL.—The special committee shall

21 make every reasonable effort to complete, not later

22 than February 1, 1996, the investigation, study, and

23 hearings authorized by section 1.

24 (2) EVALUATION OF PROGRESS.—The special

25 committee shall evaluate the progress and status of
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1 the investigation, study, and hearings authorized by

2 section 1 and, not later than January 15, 1996,

3 make recommendations with respect to the author4 ization of additional funds for a period following

5 February 29, 1996. If the special committee re6 quests the authorization of additional funds for a pe7 riod following February 29, 1996, the Majority

8 Leader and the Democratic Leader shall meet and

9 determine the appropriate timetable and procedures

10 for the Senate to vote on any such request.

11 (b) FINAL REPORT.—

12 (1) SUBMISSION.—The special committee shall

13 promptly submit a final public report to the Senate

14 of the results of the investigation, study, and hear15 ings conducted by the special committee pursuant to

16 this resolution, together with its findings and any

17 recommendations.

18 (2) CONFIDENTIAL INFORMATION.—The final

19 report of the special committee may be accompanied

20 by such confidential annexes as are necessary to pro21 tect confidential information.

22 (3) CONCLUSION OF BUSINESS.—After submis23 sion of its final report, the special committee shall

24 promptly conclude its business and close out its af25 fairs.
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1 (c) RECORDS.—Upon the conclusion of the special

2 committee’s business and the closing out of its affairs, all

3 records, files, documents, and other materials in the pos4 session, custody, or control of the special committee shall

5 remain under the control of the Committee on Banking,

6 Housing, and Urban Affairs.

7 SEC. 10. COMMITTEE JURISDICTION AND RULE XXV.

8 The jurisdiction of the special committee is granted

9 pursuant to this resolution, notwithstanding the provisions

10 of paragraph 1 of rule XXV of the Standing Rules of the

11 Senate relating to the jurisdiction of the standing commit12 tees of the Senate.

Æ

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