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Washington, D.C. – U.S. Senator Mike Enzi, R-Wyo., said President Bush's nominee to head the Securities and Exchange Commission (SEC), William H. Donaldson, has good credentials and Enzi looks forward to working with him to help shore up financial markets.

"I look forward to discussing Mr. Donaldson's ideas for the future of the SEC and the future of the U.S. securities markets. He certainly has a very impressive resume. I am eager to work with a new chairman to renew investors' confidence in the U.S. financial markets and maintain safeguards that protect individual investors," said Enzi.

Enzi is the ranking member of the Senate Banking Subcommittee on Securities and Investment, which has oversight responsibility over the SEC. Enzi worked with Senate Banking Committee Chairman Paul Sarbanes, D-Md., and others to write legislation designed to ensure reliability and transparency of corporate books, protect worker retirement savings and prevent executives from cheating the system.