Presidential transition of Barack Obama time of their election, President-elect Obama and Vice President-elect Joseph Biden were incumbent U.S. Senators from Illinois and Delaware respectively. In accordance with Article I, Section 6 of the United States Constitution, both were required to resign their respective Senate seats on or before January 20, 2009, in order to become President and Vice President. Obama resigned from the Senate effective November 16, 2008. Initially, it was thought that his replacement would be named by Illinois Governor Rod Blagojevich. Since the term for the seat expired in January 2011, it would come up for its normal election in 2010 with
Elisse B. Walter Elisse B. Walter Elisse B. Walter (born April 14, 1950) was the 30th Chair of the U.S. Securities and Exchange Commission (SEC) from December 14, 2012 – April 10, 2013. She was appointed Chair by President Barack Obama on November 26, 2012, and sworn in on December 14, 2012. She was originally appointed as one of five SEC Commissioners by President George W. Bush and sworn in on July 9, 2008. Under designation by President Obama, she later served as Acting Chair during January 2009. She served as a Commissioner of the SEC until August 9, 2013. On January 24,