From the Office of State Senator Troy Fraser

For Immediate Release
January 9, 2002
Contact: William A. Scott - (512) 463-0124

Fraser To Lead Senate Committee on Business and Commerce

AUSTIN -- State Senator Troy Fraser, R-Horseshoe Bay, was named to lead the Senate Committee on Business and Commerce today, replacing retiring committee chairman David Sibley of Waco.

Fraser, who has served as the Business and Commerce committee's vice chairman since January 2001, thanked Lt. Governor Bill Ratliff for the move, and Sibley for his leadership as outgoing chairman. Sibley has announced his retirement, effective today.

"I look forward to assuming the responsibilities of the chairmanship and want to thank Lt. Gov. Ratliff for the opportunity," Fraser said. "Senator Sibley has done a great job and his leadership will be sorely missed."

"This committee is a perfect fit for me because of my background in business and economic development," Fraser said.

Fraser will also assume the duties and responsibilities as co-chairman of the 10-member Electric Utility Restructuring Legislative Oversight Committee. The committee is charged with overseeing the deregulation of Texas' electric industry.

The Business and Commerce committee handles the flow of legislation in a number of policy areas, including economic and workforce development, insurance and workers' compensation, telecommunications, banking, securities and lending issues, border affairs and business licensing and regulation.

Fraser currently serves on all five of Business and Commerce's subcommittees examining issues in preparation for the 2003 legislative session.

Fraser has served as a member of the committee since 1997, and chaired the subcommittee on Technology and Business Growth during the 1999 legislative session. In addition, Governor Rick Perry in 2000 appointed Fraser chairman of the Research and Oversight Council on Workers' Compensation.