U.S. Sen. Tom Udall will replace the late Sen. Frank Lautenberg as chairman of the Senate Appropriations Financial Services and General Government Subcommittee.
“As chairman I look forward to the responsibility of ensuring taxpayers dollars are spent wisely and the interests of hardworking families in New Mexico are protected,” Udall said in a news release. He said he will “work hard to support small businesses, expand rural broadband, protect consumers and ensure the safety of our financial markets."
The subcommittee oversees annual funding for financial-related agencies including the U.S. Department of Treasury, the Securities and Exchange Commission and the Internal Revenue Service.
It also has jurisdiction over several key agencies that have a direct impact on New Mexico, including: The Small Business Administration, the Federal Communications Commission, the Federal Trade Commission, the Office of National Drug Control Policy. the Federal Election Commission and the General Services Administration.
Lautenberg, D-N.J., died on June 3.