BUSH PICKS REP. COX TO HEAD SEC

Rep. Christopher Cox, R-Ca., speaks after U.S. President George W. Bush announced Cox as his nominee to become chairman of the Securities and Exchange Commission on June 2, 2005, in the Roosevelt room of the White House. Cox would take over for William Donaldson who announced on June 1 he will resign on June 30. (UPI Photo/Roger L. Wollenberg)..