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06/02/2005 - Nomination of SEC Chairman [770838]
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06/02/2005 - Nomination of SEC Chairman [770838]
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2014-0564-F
[
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Monday, June 29, 2015
FOIA Marker
This is not a textual record. This FOIA Marker indicates that material has been removed
during FOIA processing by George W. Bush Presidential Library staff.
Staff Secretary, White House Office of the
Kavanaugh, Brett - Speech Files
Location or
NARA Number:
FRC ID:
OA Number:
Stack: Row: Sect.: Shelf: Pos.:
Hollinger ID:
W
17
13
3
3
10470
23333
6471
5093
Folder Title:
06/02/2005 - Nomination of SEC Chairman [770838]
Withdrawn/Redacted Material
The George W. Bush Library
DOCUMENT FORM
SUBJECT/TITLE
PAGES
DATE
RESTRICTION(S)
NO.
001
Speech
Nomination of SEC Chairman [page 3]
1
06/02/2005
P6/b6;
002
Speech
[Page 13]
1
06/02/2005
Transferred
003
Speech
Nomination of SEC Chairman [page 3]
1
06/02/2005
P6/b6;
004
Speech
Nomination of SEC Chairman
18
06/02/2005
Transferred
COLLECTION TITLE:
Staff Secretary, White House Office of the
SERIES:
Kavanaugh, Brett - Speech Files
FOLDER TITLE:
06/02/2005 - Nomination of SEC Chairman [770838]
FRC ID:
10470
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2014-0564-F
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This document was prepared on Monday, June 29, 2015
CAMPBELL_F
770838
SP
Barcode Scanning Sheet
Collection Code: SECLOG
Staff Name:
PRESIDENT
SCHNNED 18 ORIM
Document Date: 6/2/2005
Correspondent:
Subject/Description: PRESIDENTIAL REMARKS: NOMINATION OF SECURITIES
AND EXCHANGE COMMISSION CHAIRMAN, CHRIS COX -
JUN 02 05
Nomination of SEC Chairman
THE PRESIDENT HAS SEEN
Thursday, June 2, 2005
6/2/05
Draft #6
Good morning. I am pleased to announce my nomination of
Congressman Chris Cox of California as our next Chairman of the
Securities and Exchange Commission. As a champion of the free
enterprise system in Congress, Chris knows that a free economy is built on
trust. In the years ahead, Chris will vigorously enforce the rules and laws
that guarantee honesty and transparency in our markets and corporate
boardrooms. He will be an outstanding leader for the SEC.
Today the American economy is the envy of the world. Our economy
is growing faster than that of any other major industrialized country. We
have added about 3.5 million new jobs over the last two years, and the
unemployment rate is down to 5.2 percent. More Americans are working
today than ever before small businesses are flourishing and families
are taking home more of what they earn. To maintain the confidence that
is the cornerstone of our economic system, we must ensure the honesty of
American business, and the integrity of the capital markets and stock
exchanges. Investors must have confidence that the information they use
to make their investment decisions is fair and accurate.
The Securities and Exchange Commission is the primary federal
agency that performs this essential function. The SEC investigates
corporate fraud and holds guilty parties responsible when they mislead
shareholders and employees.
For more than two years, Bill Donaldson has done an exceptional job
as SEC Chairman. Bill took his post at a time when our economy was
faced with a crisis in investor confidence. Under his leadership, the SEC
vigorously responded to corporate corruption. The commission filed more
than 1,700 enforcement actions under Bill Donaldson's chairmanship - a
significant increase from previous years. And the SEC has helped
implement the Sarbanes-Oxley Act - the most far-reaching reform of
American business practices since the time of Franklin Roosevelt. The
agency also responded swiftly to the mutual fund abuses that came to light
nearly two years ago, enhancing disclosure to mutual fund shareholders.
1
Bill Donaldson has set high standards for American business and for
the SEC, and Chris Cox is the right man to carry on this important work.
For more than a decade and a half, Chris has been a superb
representative for the 48th district of California. His achievements range
from national security to tax reform. As the first Chairman of the House
Committee on Homeland Security, Chris helped coordinate efforts between
the federal agencies and Congress to better protect our country against
terrorist attacks. He worked effectively with members of both parties to get
more than a dozen of his bills passed into law, including a law protecting
investors from abusive lawsuits and a ban on Internet commerce taxes.
Four years ago, I signed into law a bill that helps American families by
phasing out the death tax. The drive to end the death tax was the product
of an effort over nearly a decade begun by one lone congressman - Chris
Cox.
Chris understands how markets work, and he knows the need for
transparency in financial exchanges and in the halls of business. He
proved that he can bring together people of diverse opinions to get things
done: That kind of leadership will be invaluable as chairman of the SEC.
I have given Chris a clear mission: To continue to strengthen public
trust in our markets so the American economy can continue to grow and
create jobs. This nation is increasingly a nation of stock holders. A
generation ago, only a small percentage of American families invested
in stocks and bonds. Today, more than half of households are investing -
for their families and for their futures. Now more than ever, we must make
sure Americans can rely upon the integrity of our markets.
Chris Cox is the right man to take on this challenge - and he brings
with him a unique combination of skills and expertise: He graduated with
honors from Harvard Law School and Harvard Business School worked
as a securities lawyer for nearly a decade
taught
tax
law
served
in
President Reagan's White House and was elected to Congress.
I thank Chris for his willingness to serve our country in another
important position at an important time for our Nation. I am grateful to his
wife, Rebecca, and their three children, Charles, Katie, and Kevin. And I
call on the Senate to confirm his nomination at the earliest possible date.
Congratulations, Chris.
2
Drafted by:
Tom McArdle, Office of Speechwriting
Office: 202/456-3546
Cell:
(b)(6)
3
Rursed a
replaced.
salu
6/2/05
THE PRESIDENT HAS SEE
THE PRESIDENT
6/2/05
Four years ago, I signed into law a bill
that helps American families by phasing
out the death tax. The drive to end the
death tax was the product of an effort
over nearly a decade begun by one lone
congressman - Chris Cox.
13
Preservation Copy - George W. Bush Handwriting
P
THE PRESIDENT HAS SEEN
Nomination of SEC Chairman
Thursday, June 2, 2005
6/2/05
Draft #67
Good morning. I am pleased to announce my nomination of
Congressman Chris Cox of California as our next Chairman of the
Securities and Exchange Commission. As a champion of the free
enterprise system in Congress, Chris knows that a free economy is built on
trust. In the years ahead, Chris will vigorously enforce the rules and laws
that guarantee honesty and transparency in our markets and corporate
boardrooms. He will be an outstanding leader for the SEC.
Today the American economy is the envy of the world. Our economy
is growing faster than that of any other major industrialized country. We
have added about 3.5 million new jobs over the last two years, and the
unemployment rate is down to 5.2 percent. More Americans are working
today than ever before small businesses are flourishing and families
are taking home more of what they earn. To maintain the confidence that
is the cornerstone of our economic system, we must ensure the honesty of
American business, and the integrity of the capital markets and stock
exchanges. Investors must have confidence that the information they use
to make their investment decisions is fair and accurate.
The Securities and Exchange Commission is the primary federal
agency that performs this essential function. The SEC investigates
corporate fraud and holds guilty parties responsible when they mislead
shareholders and employees.
For more than two years, Bill Donaldson has done an exceptional job
as SEC Chairman. Bill took his post at a time when our economy was
faced with a crisis in investor confidence. Under his leadership, the SEC
vigorously responded to corporate corruption. The commission filed more
than 1,700 enforcement actions under Bill Donaldson's chairmanship - a
significant increase from previous years. And the SEC has helped
implement the Sarbanes-Oxley Act - the most far-reaching reform of
American business practices since the time of Franklin Roosevelt. The
agency also responded swiftly to the mutual fund abuses that came to light
nearly two years ago, enhancing disclosure to mutual fund shareholders.
1
Bill Donaldson has set high standards for American business and for
the SEC, and Chris Cox is the right man to carry on this important work.
For more than a decade and a half, Chris has been a superb
representative for the 48th district of California. His achievements range
from national security to tax reform. As the first Chairman of the House
Committee on Homeland Security, Chris helped coordinate efforts between
the federal agencies and Congress to better protect our country against
terrorist attacks. He worked effectively with members of both parties to get
more than a dozen of his bills passed into law, including a law protecting
investors from abusive lawsuits and a ban on Internet commerce taxes.
Four years ago, I signed into law a bill that helps American families by
phasing out the death tax. The drive to end the death tax was the product
of an effort overthat Chris Cox helped lead for nearly a decade begun by
one lone congressman-Chris Cox.
Chris understands how markets work, and he knows the need for
transparency in financial exchanges and in the halls of business. He
proved that he can bring together people of diverse opinions to get things
done. That kind of leadership will be invaluable as chairman of the SEC.
I have given Chris a clear mission: To continue to strengthen public
trust in our markets so the American economy can continue to grow and
create jobs. This nation is increasingly a nation of stock holders. A
generation ago, only a small percentage of American families invested
in stocks and bonds. Today, more than half of households are investing -
for their families and for their futures. Now more than ever, we must make
sure Americans can rely upon the integrity of our markets.
Chris Cox is the right man to take on this challenge - and he brings
with him a unique combination of skills and expertise: He graduated with
honors from Harvard Law School and Harvard Business School worked
as a securities lawyer for nearly a decade
taught tax law
served in
President Reagan's White House and was elected to Congress.
I thank Chris for his willingness to serve our country in another
important position at an important time for our Nation. I am grateful to his
wife, Rebecca, and their three children, Charles, Katie, and Kevin. And I
call on the Senate to confirm his nomination at the earliest possible date.
Congratulations, Chris.
2
Drafted by: Tom McArdle, Office of Speechwriting
Office: 202/456-3546
Cell:
(b)(6)
3
THE PRESIDENT
Nomination of SEC Chairman
Thursday, June 2, 2005
THE PRESIDENT HAS SEEN
Draft #6
6/2/05
Good morning. I am pleased to
announce my nomination of
Congressman Chris Cox of California as
our next Chairman of the Securities and
Exchange Commission. As a champion
of the free enterprise system in
Congress, Chris knows that a free
economy is built on trust.
1
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
In the years ahead, Chris will vigorously
enforce the rules and laws that
guarantee honesty and transparency in
our markets and corporate boardrooms.)
He will be an outstanding leader for the
SEC.
2
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
Today the American economy is the
envy of the world Our economy is
growing faster than that of any other
major industrialized country. We have
added about 3.5 million new jobs over
the last two years, and the
unemployment rate is down to
5.2 percent.
3
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
More Americans are working today than
ever before
small businesses are
flourishing
and families are taking
home more of what they earn.
4
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
To maintain the confidence that is the
cornerstone of our economic system,
we must ensure the honesty of
American business, and the integrity of
the capital markets and stock
exchanges. Investors must have
confidence that the information they use
to make their investment decisions is
fair and accurate.
5
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
The Securities and Exchange
Commission is the primary federal
agency that performs this essential
function. I The SEC investigates
corporate fraud and holds guilty parties
responsible when they mislead
shareholders and employees.
6
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
For more than two years,
Bill Donaldson has done an exceptional
job as SEC Chairman. 1 Bill took his post
at a time when our economy was faced
with a crisis in investor confidence.
/
Under his leadership, the
SEC vigorously responded to corporate
corruption.
7
Preservation Copy *** George W. Bush Handwriting
THE PRESIDENT
The commission filed more than
1,700 enforcement actions under
Bill Donaldson's chairmanship -
a significant increase from previous
years.
1
And the SEC has helped
implement the Sarbanes-Oxley Act -
the most far-reaching reform of
American business practices since the
time of Franklin Roosevelt.
8
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
The agency also responded swiftly to
the mutual fund abuses that came to
light nearly two years ago, enhancing
disclosure to mutual fund shareholders.
9
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
Bill Donaldson has set high
standards for American business and for
the SEC, and Chris Cox is the right man
to carry on this important work.
10
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
For more than a decade and a half,
Chris has been a superb representative
for the 48th district of California.
His achievements range from national
security to tax reform. As the first
Chairman of the House Committee on
Homeland Security, Chris helped
coordinate efforts between the federal
agencies and Congress to better protect
our country against terrorist attacks.
11
THE PRESIDENT
He worked effectively with members of
both parties to get more than a dozen of
his bills passed into law, including a law
protecting investors from abusive
lawsuits
and a ban on Internet
commerce taxes.
12
Preservation Copy any George W. Bush Handwriting
THE PRESIDENT
Four years ago, I signed into law a bill
that helps American families by phasing
out the death tax. 7 The drive to end the
death tax was the product of an effort
that Chris Cox helped lead for nearly a
decade.
13
SUB
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
Chris understands how markets
work, and he knows the need for
transparency in financial exchanges and
in the halls of business. /He proved that
he can bring together people of diverse
opinions to get things done) That kind
of leadership will be invaluable as
chairman of the SEC.
14
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
I have given Chris a clear mission:
To continue to strengthen public trust in
our markets so the American economy
can continue to grow and create jobs.
15
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
This nation is increasingly a nation of
stock holders. LA generation ago, only a
small percentage of American families
invested in stocks and bonds < Today,
more than half of households are
investing - for their families and for their
futures. I Now more than ever, we must
make sure Americans can rely upon the
integrity of our markets.
16
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
Chris Cox is the right man to take on
this challenge - and he brings with him
a unique combination of skills and
expertise: He graduated with honors
from Harvard Law School and
Harvard Business School
worked as
a securities lawyer for nearly a decade
taught tax law
served in
President Reagan's White House
and was elected to Congress.
17
Preservation Copy - George W. Bush Handwriting
THE PRESIDENT
I thank Chris for his willingness to
serve our country in another important
position at an important time for our
Nation. 1 I am grateful to his wife,
Rebecca, and their three children,
Charles, Katie, and Kevin And I call on
the Senate to confirm his nomination at
the earliest possible date.
Congratulations, Chris.
18
Preservation Copy - George W. Bush Handwriting