The US Congress has begun investigating the Enron scandal.
It has the power to call witnesses and compel them to testify over the Enron scandal, with a view to amending regulatory legislation – but cannot actually bring criminal charges itself.
It is also embroiled, through the General Accounting Office, in a struggle with the White House to obtain records of the energy task force headed by Vice President Dick Cheney.
There are currently 11 investigations by Congressional committees from both the House of Representatives (controlled by the Republicans) and the Senate (controlled by the Democrats) into why the Enron scandal happened.
The key areas Congress is expected to investigate include:
- The regulation of energy markets
- Enron’s accounting practices
- Legislation on pension plans
- The political influence Enron enjoyed in the Bush administration.