“I am honored by the continued confidence and support that my colleagues have shown in me and I look forward to working diligently in the months ahead as we address the most daunting financial situation since the Great Depression," said Rep. Wasserman Schultz. “I look forward to working closely with Speaker Pelosi, Chairman Obey, Chairman Serrano, and the Obama Administration to ensure that agencies such as the Department of the Treasury and Security and Exchange Commission are working efficiently and competently.”
Rep. Wasserman Schultz will continue to serve as one of only twelve Cardinals on the House Committee on Appropriations. The Committee is comprised of 37 Democrats and 23 Republicans. Members who have been recommended to chair a subcommittee are referred to as "Cardinals."
As a member of the Financial Services Subcommittee, Rep. Wasserman Schultz will also help to determine the budgets of:
• Department of the Treasury
• District of Columbia
• The Judiciary
• Executive Office of the President
• Council of Economic Advisers
• Federal Drug Control Programs
• National Security Council
• Office of Management and Budget
• Office of National Drug Control Policy
• Office of Policy Development
• Consumer Product Safety Commission
• Election Assistance Commission
• Federal Communications Commission
• Federal Deposit Insurance Corporation, Office of Inspector General
• Federal Election Commission
• Federal Labor Relations Authority
• Federal Trade Commission
• General Services Administration
• National Archives and Records Administration
• National Historical Publications and Records Commission
• Office of Government Ethics
• Office of Personnel Management and Related Trust Funds
• Office of Special Counsel
• Securities and Exchange Commission
• Selective Service System
The U.S. Constitution provides the basis for the Appropriations Committee in Article one, Section nine, Clause seven which states that: No money shall be drawn from the treasury, but in consequence of appropriations made by law.
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