"Today, under the leadership of Chairman Sarbanes and Ranking Member Gramm, the Senate moved one step closer towards meaningful and effective oversight of accounting regulation in America.
"Chairman Sarbanes, especially, should be commended for his meticulous approach in compiling one of the most informed legislative records in recent Senate history on this legislation and for his willingness to work with Members on both sides of the aisle in crafting this compromise legislation.
"There is much to commend in the legislation that has passed in the House and Senate, and the SEC looks forward now to working with Congressional leaders in reconciling their proposals and passing a final bill that will help restore investor confidence and integrity in America's capital markets."
