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NJ: Schaer will replace Cohen as key committee chairman
Posted by admin under Politicker.com
Gary Schaer will replace Neil Cohen as Chairman of the Assembly Financial Institutions and Insurance CommitteeAssemblyman Gary Schaer (D-Passaic) is expected to be named chairman of the Assembly Financial Institutions and Insurance Committee. The post became available in July when Neil Cohen resigned his Assembly seat after being caught with child pornography on his state computer. A formal announcement from Speaker Joseph Roberts is expected to come later this afternoon.
With jurisdiction over the banking and insurance industries, the committee is considered to be one of the most powerful assignments in the Legislature. Schaer, a two-term Assemblyman, has a background and career in the financial services industry and has formed a solid relationship with Roberts. For now, Schaer will retain his vice chairmanship of the Assembly Budget Committee.
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