Washington (Dec. 6, 2002) -- Sarbanes-Oxley Act co-author Michael G. Oxley, current chairman of the House Financial Services Committee, has named Carter McDowell as chief counsel of the banking and securities oversight body and elevated Peggy Peterson to deputy staff and communications director.

Last week, Oxley, R-Ohio, named current deputy staff director Bob Foster to become staff director of the FSC effective Jan. 1, 2003.

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