S. Res 120 § 1 (b)(3)(G) authorized the Special Committee to Investigate Whitewater Development Corporation and Related Matters to investigate the "lending activities of Perry County Bank, Perryville, Arkansas, in connection with the 1990 Arkansas gubernatorial election."
The Committee began its investigation into these lending activities by subpoenaing documents from a number of agencies and individuals. Although the Committee did receive relevant records, it did not complete a comprehensive examination of this matter. The Committee deferred to the Office of the Independent Counsel's concerns and has decided to not hold public hearings, or compile a public record on this matter.
The Office of the Independent counsel stated in letters dated April 30, 1996 and May 13, 1996, in response to the Special Committee inquiries of March 28, 1996 and April 18, 1996, that its investigation would be hindered if the Committee examined a number of witnesses regarding Perry County Bank. Also, as requested in a June 12, 1996 letter from the Independent Counsel, the Committee has not included matters relating to the Perry County Bank in its report.
In the interest of ensuring the ability of the Independent Counsel to pursue its investigation the Committee deferred to the request of the Independent Counsel and did not pursue matters relating to the Perry County Bank. It is unfortunate that the Committee could not fully complete its mandate under S. Res. 120. Nevertheless the Committee does not wish to impede or hinder the efforts of the Independent Counsel, or create a situation that may impinge on the rights of any individual to receive a fair trial.
Part III Endnotes