The nomination of Representative Christopher Cox to be US Securities and Exchange Commission chairman was approved by a Senate committee on Thursday and will go to the full Senate for final consideration. The Senate Banking Committee also voted to approve the nominations of two Democratic SEC nominees - incumbent SEC Commissioner Roel Campos and Annette Nazareth, director of the SEC's Division of Market Regulation.
All three nominations were approved by voice vote at a meeting of the committee with no debate. Congressional aides said final confirmation was expected soon on the Senate floor.
A California Republican, Cox would take over the SEC from William Donaldson, who quit as chairman on June 30 after a little more than two years on the job. Cox was nominated last month by President George W. Bush.
A self-described free-market conservative, Cox has been strongly endorsed by Republicans and some industry groups. He has represented a well-to-do suburban Los Angeles district for almost 17 years in the US House of Representatives.
Some Democrats, unions and investor activists have opposed his nomination and expressed concern that he might try to roll back recent post-Enron reforms or ease SEC enforcement.
Comments
Comments are closed.