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Unlike the Enron case, the HIH collapse has not yielded any allegations of document shredding.
On Thursday, the police were called after reports of document shredding.
The company said that it was now cooperating with federal investigators and that company lawyers had interviewed several workers on the 19th floor about document shredding.
matter, called the mistakes of the authorities "staggering" and described "a grave loss of trust in the ability of the security agencies" as a result of the document shredding.
Mr. Daschle has already announced his support for an amendment that would create a broader definition of corporate fraud, increase protections for corporate whistle-blowers and revise limits on document shredding.
David Duncan, the sacked lead auditor on Enron, has said that he discussed his actions in detail with Chicago colleagues and that the document shredding only took place after an e-mail from Andersen's Chicago-based in-house lawyer, Nancy Temple.
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Other companies have turned to outside document-shredding specialists.
Yet in 2011 the law banning document-shredding sent John Yates, a fisherman, to jail.
If they uphold the verdict, document-shredding policies across America will hurriedly be reviewed.
One woman at Enron warned the brass about improper accounting; another complained of document-shredding.
The document-shredding was too amateur and too disjointed to be a real cover-up, he argued.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com