    [Public Papers of the Presidents of the United States: William J. Clinton (1993, Book I)]
    [April 28, 1993]
    [Page 532]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Nomination for Chairman of the Securities and Exchange Commission
    April 28, 1993

        The President today announced his intention to nominate Arthur
    Levitt, Jr., owner of the Capitol Hill newspaper Roll Call and formerly
    chairman of the American Stock Exchange, as a member of the Securities
    and Exchange Commission. Once Mr. Levitt is confirmed as a member, the
    President intends to designate him Chairman of the SEC.
        ``Backed by 20 years of experience in high finance and newly
    introduced to the workings of Capitol Hill, Arthur Levitt is well
    prepared to take the helm at the SEC,'' the President said. ``I have
    full confidence he will use his office wisely to strengthen public
    confidence in our country's financial agencies.''

    Note: A biography of the nominee was made available by the Office of the
    Press Secretary.