Today President Bush announced that Republican Congressman Christopher Cox would be replacing outgoing SEC Chairman William Donaldson pending approval by the Senate. Reuters and many others report:
President Bush on Thursday named Rep. Christopher Cox — a champion of curbing investor lawsuits — as the White House’s choice to head the U.S. Securities and Exchange Commission, prompting academics to predict a major shift in the market-regulating agency’s focus.
Rep. Cox’s current job is as Chairman of the House Committee on Homeland Security. The House Republican leadership has not yet announced who will take over Cox’s empty seat. Bobby Jindal is part of the House Committee on Homeland Security. He is in fact Vice Chair of the Homeland Security Subcommittee on the Prevention of Nuclear and Biological Attacks. Now I am not ready to think that the Republican leadership would consider offering the chairmanship of the full committee to a freshman Congressman, but if John Linder of Georgia gets promoted to fill Cox’s seat then it could well end up that Jindal would take over chairmanship of the Subcommittee. Imagine that: A brown guy in charge of overseeing efforts to prevent nuclear and biological attacks against the U.S.