President Bush nominated Roel Campos and Annette Nazareth as members of the Securities and Exchange Commission, the White House said in a statement Friday.
The two nominations will be considered Tuesday by the Senate Banking Committee, along with Bush's nomination of California Republican Rep. Christopher Cox to replace William Donaldson as chairman of the SEC.
Democrats had called for the nomination of Campos and Nazareth, both Democrats who already work for the commission. Already a member of the five-person panel, Campos is being re-nominated for a term running through June 2010. Nazareth is director of the SEC's division of market regulation and will take over a term set to expire in June 2007. Two other Republicans remain on the commission, Paul Atkins and Cynthia Glassman.The SEC panel traditionally has three members from the majority party and two from the minority. Democratic leaders have indicated that if President Bush nominated Campos and Nazareth, the confirmations for all three could become a package deal.
