Republican Chair Of House Financial Services Committee To Retire

One of the most powerful and longest serving Congressmen, Rep. Jeb Hensarling (R-Dallas), won't run for re-election next year according to the Dallas News. Hensarling - who chairs the powerful Financial Services Committee and has been a strong voice in regulating the financial industry - has represented Congressional District 5 in the Dallas area since 2003.

"Today I am announcing that I will not seek reelection to the US Congress in 2018. Although service in Congress remains the greatest privilege of my life, I never intended to make it a lifetime commitment, and I have already stayed far longer than I had originally planned," Hensarling wrote to supporters today. A staunch Constitutional conservative, Hensarling has long believed that Congress was not a place for career politicians. Yet. his announcement comes as a surprise to those who felt that he would be in line for more influential leadership posts. But Hensarling said Tuesday he wanted to spend more time with his family.

"Since my term as Chairman of the House Financial Services Committee comes to an end next year, the time seems right for my departure," he wrote in a statement. "Although I will not be running for reelection, there are 14 months left in my congressional term to continue the fight for individual liberty, free  enterprise, and limited constitutional government - the causes for which I remain passionate."

He said he will continue the work of his committee until his term ends.

"Much work remains at the House Financial Services Committee in the areas of housing finance reform, regulatory relief, cyber security and capital formation to name just a few," he said. "Furthermore, important work remains in the Congress as a whole - especially pro-growth tax reform. I look forward to continuing this work on behalf of the people of the 5th District of Texas and all Americans."

Hensarling is the second North Texas congressman to opt against another term in Congress. In January Rep. Sam Johnson, R-Plano, announced that he would retire when his term ends next year.

According to The Hill, several GOP lawmakers and aides on the Hill, before Hensarling's statement to the Dallas Morning News, had said there was an "expectation" that this will be Hensarling's last term in Congress.

Hensarling has chaired the Financial Services panel since 2013, leading the House GOP fight against the strict Dodd-Frank Act finance rules passed after the financial crisis. The committee produced dozens of bills to restrict or eliminate major portions of Dodd-Frank. Many of those laid the foundation for Hensarling’s Financial CHOICE Act, the most ambitious attempt to reshape the Obama-era law. Hensarling has advanced a slew of other fixes to Dodd-Frank through the committee, several with major bipartisan support, earning high marks from the financial services industry. “He has had – and continues to have – a tremendous impact on the financial sector,” said a financial services industry lobbyist of Hensarling, calling him “the leader in Republicans efforts to reduce financial regulation under President Trump.”


Comments

Hkan Tue, 10/31/2017 - 14:42 Permalink

Wanna stay away when all hell comes crashing down...Wont be first one...and not last one....knowing what to come choosing to slide in to the shades....

WillyGroper Tue, 10/31/2017 - 14:40 Permalink

another load of shit..."leading the House GOP fight against the strict Dodd-Frank Act finance rules passed after the financial crisis." so it appears the swamp is cleaning itself.low light camera vids or death threats?none of these greedy squeaky clean bastids leave voluntarily.the filthy lucre is too enticing.

Dickguzinya Tue, 10/31/2017 - 14:42 Permalink

Another one who supposedly wants to spend more time with the family.  If he's such a staunch proponent for the : fight for individual liberty, free  enterprise, and limited constitutional government, then why would he leave when he has the power to see the aforementioned through?  Something's up, and the bull shit meter is rather high.  

bugs_ Tue, 10/31/2017 - 14:49 Permalink

Fourth big GOPe retirement announcement in the last 3 weeks.sometimes when the clogged drain gets unclogged the water can move very fast.

One of We Tue, 10/31/2017 - 15:39 Permalink

Congress is starting to look like a bunch of high schoolers engaged in a dine-and-dash.  Never want to be the last one to bolt for the door....

Dickguzinya Tue, 10/31/2017 - 16:28 Permalink

Our so called representatives retire wealthier than when they entered politics, and the foolish constituents, who voted them in, are poorer than when these maggots entered politics.  Talk about redistribution of wealth.  Under the guise of doing good, they did VERY WELL INDEED

gdpetti Aubiekong Tue, 10/31/2017 - 17:23 Permalink

Yes and no... Probably on Bannon's hit list... seeing his support for corruption during his tenue of 'duty' to the empire.... this gives him a free rein to fight against change until he leaves.... up to the next Congressional election.

In reply to by Aubiekong

redmudhooch gdpetti Tue, 10/31/2017 - 20:04 Permalink

Steve Bannon is a Zionist.Breitbart is a Zionist rag!https://nationalvanguard.org/2016/11/steve-bannon-is-a-proud-zionist/La… Solov, Breitbart’s Jewish CEO, says “Breitbart’s origin story has its roots in Israel.” Breitbart’s CEO and senior editors for the site — say he is an ally and proud Zionist.“I can say, without hesitation, that Steve is a friend of the Jewish people and a defender of Israel"

In reply to by gdpetti

johnlocke445 Tue, 10/31/2017 - 17:53 Permalink

Ya know, I'm startng to see a pattern here! Do you think that Trump uncovered a Reublican RINO conspiracy working with the Clinton camp and now Trump is giving these rats an ultimatum? Too many seem to be dropping out in anger!

RumpleShitzkin Tue, 10/31/2017 - 18:17 Permalink

All the dirty R’s are bowing out for the wife and kids bit.

Looks like the dirty D’s are opting for the frog march from the building right to the bitter end.

That’s fine. Perfectly OK with the spectacle.

Aubiekong Tue, 10/31/2017 - 18:48 Permalink

It wont be three days before he accepts a job as a lobbyist with a 6 or 7 figure salary as payback for all of the favorable legislation to the elite corporations.  They owe him big time and he will be paid back for his service...

redmudhooch Tue, 10/31/2017 - 20:01 Permalink

One more Zionist gone is a good thing, but AIPAC will still be there to bribe, blackmail, or murder the next one.Take away all the money, specially foreign $$$, take away Deep States ability to spy on and blackmail them, ban Pacs, Foundations, Institutes, think tanks, undo Citizens United, McCutcheon v. FEC, term limits, etc, etc, would be a small start...Till then you're just pissing in the wind. New guy will be cucked immediately.