Rep. Peter King (R-N.Y.) will step down as chairman of the House Homeland Security Committee in the new Congress, according to reports.

King will give up the spot under the House Republican Conference’s six-year term limit rule. The New York lawmaker had previously sought a waiver for a one-year extension, which he is now completing.

King shared the news in an interview with the New York Daily News, and expressed concern that New York City retains the same level of security funding from Washington.

He said that with a push by Congress to reduce government spending and the likelihood that Homeland Security Secretary Janet Napolitano might leave President Obama’s Cabinet in a second term, New York’s lawmakers needed to be vigilant to ensure that the city and state received the anti-terrorism resources needed.