House Financial Services Committee Chairman Jeb Hensarling (R-Texas) announced yesterday that he will leave Congress at the end of his current term. Elected to represent the Dallas area in 2002, Hensarling took the gavel of the Financial Services Committee in 2013. He would not have been eligible for another term as committee chairman under current House rules.
“We congratulate Chairman Hensarling for his dedicated years of public service to the people of Texas,” said ABA President and CEO Rob Nichols. “As a legislator, he has always been true to his convictions, and we appreciate the leadership role he has taken to advance regulatory reforms that would allow banks to better serve their customers and communities. We look forward to working with him on a host of important issues as he completes his term in office.”