|FOR IMMEDIATE RELEASE:||
CONTACT: Jesse Jacobs - 202-224-4524
|Tuesday, December 10, 2002||
Craig Davis - 202-224-7391
Senator Paul S. Sarbanes (D-MD), Chairman of the Banking, Housing, and Urban Affairs Committee, released the following statement on the White House announcement that William Donaldson has been selected to serve as the Chairman of the Securities and Exchange Commission:
"I look forward to a thorough confirmation process in which Mr. Donaldson's record will be carefully examined and his views on the challenges facing the SEC fully reviewed. Among these challenges is effective implementation of the accounting reform and investor protection legislation, including immediate full funding for the SEC and appointment of a highly qualified chairman of the accounting oversight board."