IV
103D CONGRESS
2D SESSION
H. RES. 437
Directing the Committee on Agriculture, the Committee on Banking, Finance
and Urban Affairs, the Committee on Government Operations, the Com-
mittee on the Judiciary, and the Committee on Small Business to com-
mence hearings on issues within their jurisdiction relating to the
Whitewater Development Corporation and related issues.
IN THE HOUSE OF REPRESENTATIVES
MAY 24, 1994
Mr. DOOLITTLE (for himself, Mr. GINGRICH, Mr. ARMEY, Mr. MCCOLLUM,
Mr. DELAY, Mr. HUNTER, Mr. HYDE, Mr. WALKER, Mr. LEACH, Mr.
ROBERTS, Mr. CLINGER, Mr. FISH, Mrs. MEYERS of Kansas, Mr. AL-
LARD, Mr. BACHUS of Alabama, Mr. BAKER of California, Mr. BAKER
of Louisiana, Mr. BALLENGER, Mr. BARRETT of Nebraska, Mr. BART-
LETT of Maryland, Mrs. BENTLEY, Mr. BEREUTER, Mr. BLILEY, Mr.
BLUTE, Mr. BOEHLERT, Mr. BOEHNER, Mr. BUNNING, Mr. BURTON of
Indiana, Mr. CANADY, Mr. CASTLE, Mr. COMBEST, Mr. COLLINS of Geor-
gia, Mr. CUNNINGHAM, Mr. CRANE, Mr. DORNAN, Mr. DREIER, Ms.
DUNN, Mr. EVERETT, Mr. EWING, Mr. GEKAS, Mr. GALLO, Mr.
GILLMOR, Mr. GOODLATTE, Mr. HANCOCK, Mr. HASTERT, Mr. HEFLEY,
Mr. HERGER, Mr. HOBSON, Mr. HOEKSTRA, Mr. HOKE, Mr.
HUFFINGTON, Mr. INGLIS of South Carolina, Mr. ISTOOK, Mrs. JOHN-
SON of Connecticut, Mr. SAM JOHNSON of Texas, Mr. KLUG, Mr.
KNOLLENBERG, Mr. KYL, Mr. LEWIS of Florida, Mr. LINDER, Mr. LIV-
INGSTON, Mr. LUCAS, Mr. MCKEON, Mr. MANZULLO, Mr. MILLER of
Florida, Mr. NUSSLE, Mr. PACKARD, Mr. PAXON, Mr. POMBO, Ms.
PRYCE of Ohio, Mr. RAVENEL, Mr. ROHRABACHER, Mr. ROGERS, Mr.
ROYCE, Mr. SANTORUM, Mr. SAXTON, Mr. SCHIFF, Mr. SHAYS, Mr.
SHUSTER, Mr. SMITH of New Jersey, Mr. SMITH of Texas, Mr. SMITH
of Michigan, Mr. SOLOMON, Mr. SPENCE, Mr. STEARNS, Mr. STUMP, Mr.
TALENT, Mr. TAYLOR of North Carolina, Mr. THOMAS of Wyoming, Mr.
TORKILDSEN, Mr. UPTON, Mrs. VUCANOVICH, Mr. WELDON, Mr. WOLF,
and Mr. ZELIFF) submitted the following resolution; which was referred
to the Committee on Rules
•HRES 437 IH
RESOLUTION
Directing the Committee on Agriculture, the Committee on
Banking, Finance and Urban Affairs, the Committee
on Government Operations, the Committee on the Judici-
ary, and the Committee on Small Business to commence
hearings on issues within their jurisdiction relating to
the Whitewater Development Corporation and related
issues.
Whereas allegations have been reported in public concerning
the possibility of unethical or illegal conduct in connec-
tion with Madison Guaranty Savings and Loan Associa-
tion (MGS&L), Whitewater Development Corporation,
Capital Management Services Inc. (CMS), Ray. E. Fried-
man & Company (REFCO), and Lasater and Company;
and
Whereas Congress has a constitutional obligation to conduct
oversight of matters relating to the operations of the
Government, including matters related to any govern-
mental investigations which may, from time to time, be
undertaken: Now, therefore, be it
Resolved, That—
(1) the Committee on Agriculture, the Commit-
tee on Banking, Finance and Urban Affairs, the
Committee on Government Operations, the Commit-
tee on the Judiciary, and the Committee on Small
Business are instructed to commence hearings on is-
sues within their jurisdiction relating to Madison
Guaranty Savings and Loan Association, Whitewater
Development 
Corporation, 
Capital 
Management
•HRES 437 IH
Services Inc., Ray. E. Friedman & Company
(REFCO), and Lasater and Company, and such re-
lated issues as may be appropriate not later than
August 15, 1994, and to submit written findings
concerning such matter to the House not later than
the sine die adjournment of this Congress;
(2) the respective committees shall work, inso-
far as it is feasible consistent with the requirements
of this resolution, to accommodate the work of Spe-
cial Counsel Robert B. Fiske, Jr., and shall not
grant immunity under sections 6002 and 6003 of
title 18, United States Code, over the objection of
Special Counsel Robert Fiske to any witness called
to testify at these hearings; and
(3) the Speaker and the majority and minority
leaders are instructed to meet to determine the ap-
propriate timetable, procedures, and other relevant
issues relating to congressional oversight.
Æ