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(Excerpted from The Wall Street Journal, Saturday,
June 28,
2008)

Senate Approves Nominees to SEC, Federal Reserve

The Senate cleared three nominees to the Securities and Exchange Commission, agreeing by unanimous consent to confirm Luis Aguilar, Elisse Walter and Troy Paredes.
Also confirmed were a nominee to the Federal Reserve Board and others named to fill openings at the Treasury Department, the Commerce Department and the President's Council of Economic Advisers.
Mr. Aguilar, an Atlanta attorney, and Ms. Walter, an executive at the Financial Industry Regulatory Authority, fill openings for Democrats on the five-member SEC. Their terms end in mid-2010 and mid-2012.
Mr. Paredes, a Washington University professor, will serve a full five-year term ending in June 2013 and will succeed Paul Atkins, a Republican commissioner. Mr. Aguilar fills a vacancy created when Roel Campos left the SEC. Ms. Walter succeeds Annette Nazareth.
By law, no more than three commissioners may be from the president's party. The newcomers will join SEC Chairman Christopher Cox and Commissioner Kathleen Casey, a former aide to Sen. Richard Shelby (R., Ala.). ...

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