July 19, 2005
Senate panel aims to vet SEC names next week
WASHINGTON (Reuters) - The chairman of the U.S. Senate
committee that oversees the Securities and Exchange Commission
said on Tuesday he hopes the panel will review next week White
House nominations to fill three SEC seats.
"We're going to try to bring all the nominees up," Senate
Banking Committee Chairman Richard Shelby told Reuters, adding
he hoped to schedule confirmation hearings some day next week.
The White House has sent Shelby's panel one nomination --
that of Republican Rep. Christopher Cox to be SEC chairman,
replacing William Donaldson who resigned on June 30.
Two other nominees requested by Democrats -- the
renomination of SEC Commissioner Roel Campos and the nomination
of SEC staffer Annette Nazareth to replace resigning
Commissioner Harvey Goldschmid -- have not yet been sent.
"It is Sen. Shelby's hope that the committee may be able to
consider Mr. Cox's nomination, along with the other two
vacancies, before the August recess," Shelby spokeswoman
Virginia Davis said.
Congress adjourns for its August recess after next week.
SEC insiders and securities lawyers have been speculating
since Donaldson's departure about when Cox will take over. SEC
Commissioner Cynthia Glassman is serving as acting chairman.
(Additional reporting by Susan Cornwell)