Wednesday, September 28, 2005

Frist responds to SEC charges

"When I first ran for the Senate over 10 years ago, I made a commitment to the people of Tennessee that if elected, I would serve them to the best of my ability and uphold the highest ethical standards. I have tried to go above and beyond anything required by the Senate rules or the law. Now some questions have arisen, so let me tell you what I know and what I did. When deciding how to handle my family’s personal investments, I always sought expert advice and Senate Ethics Committee review and approval. Despite not being required to do so, I sought and obtained two Ethics Committee opinions acknowledging that my ownership of HCA stock complied with Senate rules and did not present a conflict of interest with my Senate duties. Despite not being required to do so, I later chose to place many of my investments in blind trusts, including my HCA stock. With these efforts, I have sought to guarantee that no conflict of interest existed. Review after review has found nothing wrong. Nevertheless, the complaints and questions have persisted."


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