Hamer H. Budge

Hamer Budge
circa 1955
16th Chairman of the United States Securities and Exchange Commission
In office February 22, 1969 – January 2, 1971
Preceded by	Manuel F. Cohen
Succeeded by	William J. Casey
Member of the U.S. House of Representatives from Idaho's 2nd district
In office January 3, 1951 – January 3, 1961
Preceded by	John Sanborn
Succeeded by	Ralph Harding
Personal details
Born	Hamer Harold Budge November 21, 1910 Pocatello, Idaho
Died	July 22, 2003(2003-07-22) (aged 92) Scottsdale, Arizona
Resting place	Cloverdale Cemetery Boise, Idaho
Political party	Republican
Spouse(s)	Marjorie Jeanne Keithly[1] Budge (1916–2007) (m.1941–2003, his death)[2]
Children	Kathleen Budge
Residence	Boise
Alma mater	Stanford University, 1933 University of Idaho College of Law, J.D. 1936
Profession	Attorney
Religion	The Church of Jesus Christ of Latter-day Saints (Mormon)
Military service
Allegiance	United States
Service/branch	U.S. Navy
Years of service	1942–1945
Rank	Lieutenant Commander
Battles/wars	World War II

Hamer Harold Budge (November 21, 1910 – July 22, 2003) was an American politician. He was a five-term congressman from Idaho and later chaired the Securities and Exchange Commission.

Early life and family

Born in Pocatello, Idaho, Budge was the youngest of eight children of a Justice of the Idaho Supreme Court,^[3] Alfred Budge (1868–1951)^[4] and Ella Hoge Budge (1875–1970,^[5] m.1892). His father was appointed to the Idaho Supreme Court in November 1914, and the family relocated from Pocatello to Boise. Justice Budge retired from the state's highest court 34 years later in December 1948, at age 80.^[6] Hamer Budge attended the public schools in Boise and the College of Idaho in Caldwell. He transferred to Stanford University in Palo Alto, California, and graduated in 1933, then attended the University of Idaho College of Law in Moscow. Budge graduated in 1936, passed the bar, and went into private practice in Boise. He was a member of the state legislature from 1939 through 1941 and in 1949 and served in the U.S. Navy during World War II, from 1942 through 1945, leaving as a lieutenant commander.^[1]

Congress

When Republican Congressman John Sanborn chose to pursue the U.S. Senate seat rather than a third term in 1950, it left the 2nd district seat open. Both nominees were from Boise, and Budge defeated Democrat state senator James Hawley in the 1950 election to become the first Mormon to represent Idaho in either house of Congress. He served in the House for ten years; an attempt at a sixth term came up short in 1960, with a loss to 31-year-old Democrat Ralph Harding of Blackfoot.

Source:^[7]

After Congress

When his fifth congressional term ended in 1961, Budge became a judge in the Third Judicial District of Idaho in Boise. In 1964, he was appointed to the U.S. Securities and Exchange Commission (SEC) by President Lyndon B. Johnson. Budge was chairman of the SEC from 1969 until he resigned on January 2, 1971.

Budge then served as the president of a mutual funds group in Minneapolis until he retired in 1978.^[1] He died in 2003 at age 92 in Arizona and was buried in Idaho at Cloverdale Cemetery in west Boise.^[8] His wife and parents are also buried there.^[2][4][5]

He was a member of the Elks, Eagles, American Bar Association, and Sigma Alpha Epsilon^[9]

References

 This article incorporates public domain material from websites or documents of the Biographical Directory of the United States Congress.

External links

• Hamer H. Budge at the Biographical Directory of the United States Congress
• SEC Historical.org – Chairman Budge
• Budge's resignation letter to President Nixon – November 1970
• Political Graveyard – Hamer H, Budge
• Hamer H. Budge at Find a Grave

Chairmen of the United States Securities and Exchange Commission Kennedy Landis Douglas Frank Eicher Purcell Caffrey Hanrahan McDonald D. Cook Demmler Armstrong Gadsby Cary Cohen Budge Casey B. Cook Garrett Hills Williams Shad Ruder Breeden Levitt Pitt Donaldson Cox Schapiro Walter White

Members of the United States House of Representatives from Idaho Territorial (1863–1890) Seat Wallace Holbrook Shafer Merritt Hailey Bennett Fenn Ainslie Singiser Hailey Dubois One At-large seat (1890–1913) Seat Sweet Wilson Gunn Wilson Glenn French Hamer French Two At-large seats (1913–1919) Seat French McCracken French Seat Smith Districts (1919–present) 1st district French C. White Sr. Goff C. White Sr. Wood Pfost C. White Jr. McClure Symms Craig LaRocco Chenoweth Otter Sali Minnick Labrador 2nd district Smith Coffin Clark Dworshak Sanborn Budge Harding G. Hansen O. Hansen G. Hansen Stallings Crapo Simpson