Washington, D.C. – U.S. Senator Mike Enzi, R-Wyo., commented on action taken by the Securities and Exchange Commission (SEC) today to implement part of the Sarbanes-Oxley Act. The SEC cast their votes today for nominees to the Public Company Accounting Oversight Board established by the recently passed Sarbanes-Oxley Act. The legislation required the SEC to appoint members of the Board by Oct. 28.

"Getting this board up and running is important in demonstrating to investors that the U.S. capital markets are worthy of their investments," said Enzi, the ranking member of the Senate Banking Subcommittee on Securities and Investment, which has oversight responsibility over the SEC. "The SEC has worked diligently to meet their obligation to establish a strong, independent oversight board and I believe it will help ensure investors of the integrity of the market and the individuals preparing corporate financial statements."

Enzi worked across the aisle with Senate Banking Committee Chairman Paul Sarbanes, D-Md., and others for weeks to write the legislation before passing a bill out of committee 17-4 June 18. The full Senate passed the bill 97-0 July 15 and it was signed into law by President Bush on July 30.