Posted on 06/02/2005 7:52:09 AM PDT by kellynla
NEW YORK (CNN/Money) - President Bush nominated Rep. Christopher Cox, R-Calif., to head the Securities and Exchange Commission Thursday.
"He will be an outstanding leader of the SEC," Bush said.
"I look forward to the opportunity to serve our nation in a new role, as Chairman of the SEC," Cox said.
Bush called on the Senate "to confirm his nomination at the earliest possible date."
SEC chairman William Donaldson will resign on June 30, the SEC said Wednesday. His departure comes after criticism from two Republican members of the agency and from some business groups and administration officials who contended that his enforcement and policy decisions had been too heavy-handed.
"Bill Donaldson has set high standards for American business and the SEC, and Chris Cox is the right man to carry on this important work," Bush said.
Cox, who is 52, has been considered an ally of business groups and helped rewrite securities laws to make investor lawsuits more difficult to file. He is also well-known for waging an effort to repeal the estate tax, the capital gains tax on savings and investment, and taxes on dividends.
Cox, elected to Congress nine times from Orange County, Calif., would be the SEC's 28th chairman. He is currently chairman of the House Homeland Security Committee after serving as chairman of the House Policy Committee from 1994 until this year.
Prior to his election to Congress in 1988, the Harvard Law and Business Schools graduate was an adviser to President Reagan.
He, his wife Rebecca, and their three children, Charles, Katie, and Kevin, live in Newport Beach, Calif.
"Of all of the things I do, I put being a husband and father at the top of the list," Cox has said.
(Excerpt) Read more at money.cnn.com ...
This opens up a VERY safe GOP seat in Orange County, CA. Any ideas on who the heir apparent might be?
John Campbell?
Will his district survive with a conservative in the next election?
He couldn't have won anyway due to his politically incorrect race and gender. ;)
The good news is that any halfway competent female Republican candidate should be able to clean Feinstein's clock...if the Old Boy RINOs in the California Republican establishment deign to lift a finger to help her get nominated this time.
Easily. Democrats have no hope in that district. ;)
Hey... how about B-1 Bob Dornan?
I wish the president would nominate someone to secure our borders.
Oh the district is so conservative you have to say "excuse me" before you utter the word "liberal" LOL
Easily. Democrats have no hope in that district. ;)
Yes, but RINO's have taken over the State GOP, it will be an uphill battle to get a Conservative Republican in that seat.
Bob would have to move back...
He doesn't live here any longer...
Looks like another move by Bush to eliminate real conservatives from positions of power to me.
Yeah. The only Democrats that win in that neighborhood are dead ones on West Wing.
Cox should do a good job.
This will help him to come the Governor's office or as a Senator later on.
better bring on the FILIBUSTER!!! He can't possibly be QUALIFIED with this in his past.
Let the tarring begin.
Who will take over the Chair of the Homeland Security Committee?
I'd love to see Tancredo, but he won't stand a chance.
You mean like he did with Tom Delay, Rick Santorum or George Allen?
Oh, wait...
I was just about to post the same thing, except with "extraordinary circumstances" thrown in! :-)
Looks like a move by Bush to put a business-friendly individual who knows how to maneuver around the halls of Congress into a very important position.
Cox is the perfect choice.
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