Republican congressman Christopher Cox has been given the Presidential seal of approval to become the next chairman of the Securities and Exchange Commission.
The former chairman of the homeland security committee will take over from William Donaldson (who unexpectedly announced he would be stepping down at the end of the month), if he gets backing from the US Senate.
Cox said he was ‘deeply honoured by this opportunity to serve our country’ with president Bush saying he was a ‘champion of the free enterprise system in Congress’.
Cox is a graduate of both the Harvard Law School and Harvard Business School, and before entering Congress in 1988, he worked at law firm Latham & Watkins specialising in venture capital and corporate finance.
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