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Bush to Nominate Rep. Cox for SEC Chairman
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Candidate
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| Contributor | The Sunset Provision |
| Last Edited | The Sunset Provision Jun 01, 2005 09:42pm |
| Category | News |
| News Date | Jun 01, 2005 09:00pm |
| Description |
President Bush intends to nominate California Rep. Christopher Cox (news, bio, voting record) to head the
Securities and Exchange Commission, Republican officials said Wednesday following the resignation of William Donaldson.
These officials, who spoke on condition of anonymity, said an announcement was possible as early as Thursday.
Bush picked Donaldson 2 1/2 years ago as SEC chairman to restore confidence in a stock market that had been shaken by corporate scandals.
A Republican and Bush family friend, Donaldson was an activist who often clashed with traditional GOP business allies. They chafed over what they perceived as an excessive regulatory zeal during Donaldson's tenure. Donaldson announced his resignation Wednesday that he would be leaving the agency June 30.
Cox is chairman of the House Homeland Security Committee. He was first elected in 1988 from California's Orange County. |
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