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Office of the Press Secretary

For Immediate Release May 3, 1994
                      PRESIDENT NAMES GUS A. OWEN 

President Clinton announced today his intention to nominate Gus A. Owen as a member of the Interstate Commerce Commission (ICC). The ICC was the first regulatory agency in the U.S. Government. The current role of the ICC is to implement and adjudicate disputes under the Interstate Commerce Act and the truck, rail and bus statutes passed over a decade ago.

Owen is a successful small business entrepreneur and recognized civic activist. His business ventures have included commercial and residential real estate as well as banking. Currently, he is President of Owen Properties, Inc., overseeing the development, construction, acquisition and management of office buildings and industrial parks. He was a founding Director of Seaside Savings and Loan, raising $10 million in start-up capital and selling the venture at a profit four years later.

Owen is recognized at the local, state and national levels as very active in civic affairs. He is a member of the California Fish and Game Commission, charged with protecting endangered species and the environment. Also, he chaired the Western Association of Fish and Wildlife Agencies Conference. Additionally, Owen is Vice Chairman of the California Institute, a bi-partisan organization charged with promoting California's economic viability and competitiveness.

Born in Checotah, Oklahoma on a tenant farm, Owen went to school in Muskogee, Oklahoma. He is a veteran of the United States Marine Corps, serving from 1952 to 1955 in Korea. Owen resides in California with his wife and three children.