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As said by House Judiciary Committee Chairman James Sensenbrenner, R-Wisconsin during a floor debate, "It [the house bill] goes a long way to protect the life savings of many Americans by making the price of theft too high".
The bill would not only increase the maximum prison term from five to twenty years for wire and mail fraud, but create a new section entitled "securities fraud"...
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This would make the statutes more general and less technical stipulation than currently installed. The maximum penalty for this would be an astounding twenty-five years.
Once again, Enron is a leading cause in the creation of corporate change and triggered a new law against shredding documents valuable to a case involving criminal obstruction of justice...
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