Elton Gallegly: “I rise in honor of my friend, former colleague, fellow Californian and Securities and Exchange Commission Chairman…”

“I rise in honor of my friend, former colleague, fellow Californian and Securities and Exchange Commission Chairman Christopher Cox. A capable and affable leader, Chris is well-suited to be the 28th SEC chairman. While in Congress, he served as a senior member of every committee with jurisdiction over investor protection and capital markets, including the House Energy and Commerce Committee, the Financial Services Committee, the Government Reform Committee and the Budget Committee. He also served as chairman of the Task Force on Budget Reform. He authored the Private Securities Litigation Reform Act and the Internet Tax Freedom Act. It was no surprise that the Senate unanimously confirmed his SEC chairmanship on July 29,2005. Mr. Speaker, I know my colleagues will join me in honoring Chris Cox for his service in the U.S. House of Representatives and wish him Godspeed at the SEC. ____________________”