The PRESIDENTIAL BUSINESS COMMISSION (PBC) is an elite group of leading business and professional people and political strategists who will be advising the Republican leadership on how to protect the President's Majority in the House in the upcoming elections. Mr. Wallace was selected based on outstanding contributions as an Honorary Chairman of the Party's Business Advisory Council, a position Mr. Wallace still holds. On the Presidential Business Commission, Mr. Wallace is expected to play a key role in helping the Party craft their strategy in the important closing weeks of the campaign.

Commenting on Mr. Wallace's selection. Congressman DeLay said, "The 2002 election will be critical in determining the course of our nation, particularly in terms of tax relief and national defense. I am thrilled to have Mr. Wallace's expertise and input as a resource in the final weeks." Mr. Wallace will also be invited to attend high level meetings in Washington , and is expected to receive a special thank you picture of the President.