Congressman Cox nominated as SEC chairman

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03 Jun 2005

US President Bush has nominated California Congressman Christopher Cox to be the next chairman of the US Securities and Exchange Commission, replacing William H.

Donaldson, who resigned effective 30 June 2005. Senate confirmation is required. Congressman Cox was a co-sponsor of H. CON. RES. 98 in 1993 opposing the US Financial Accounting Standards Board's proposal on employee stock options. He is an original co-sponsor of H.R. 913 in the current Congress that would block the implementation of FASB Statement 123R Share-Based Payment. He supported the Sarbanes-Oxley Act of 2002.

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