Director of Legislative and Intergovernmental Affairs William Schulz to Leave SEC

FOR IMMEDIATE RELEASE
2009-111

Washington, D.C., May 14, 2009 — The Securities and Exchange Commission announced today that William Schulz, Director of Legislative and Intergovernmental Affairs, plans to leave the agency to enter the private sector after having served as a key liaison between the Commission and the Congress.

"Bill has served the Commission extraordinarily well during a particularly tumultuous time in our financial markets," said SEC Chairman Mary Schapiro. "He has been a tireless advocate for the SEC and its mission of protecting investors, maintaining orderly markets, and promoting capital formation. We will miss Bill's sound judgment, steadiness under pressure, and keen understanding of both the SEC and Capitol Hill."

Mr. Schulz said, "It has been an honor to serve with the talented men and women of the Commission and to work on their behalf with the Congress. And it has been particularly rewarding to work with Chairman Schapiro and the Commission to ensure that the core responsibilities of the SEC — to protect investors and to maintain the integrity of our securities markets — are sustained and remain critical components of any regulatory restructuring the Congress may contemplate."

The SEC's Office of Legislative and Intergovernmental Affairs carefully monitors legislative activities and initiatives on Capitol Hill, and works with Members of Congress and their staffs to achieve legislative policy goals related to the SEC's mission.

Mr. Schulz has served as Director of Legislative Affairs since August 2008. Prior to becoming Director, Mr. Schulz served as Senior Advisor to then-Chairman Christopher Cox starting in 2006. Before joining the SEC, Mr. Schulz served as Chief Counsel of the House Policy Committee and in a variety of senior legislative positions in the U.S. House of Representatives. From 1998 to 2002, he served as Special Master at the Court of Federal Claims, where he oversaw the management and resolution of multi-billion dollar banking litigation spawned by the collapse of the savings and loan industry and the passage of the Financial Institutions Reform, Recovery and Enforcement Act.

Mr. Schulz received his BA from Duke University in 1988 and received his JD from William and Mary's Marshall-Wythe School of Law in 1995.

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