House Financial Services Chairman Jeb Hensarling (R-Texas) announced Tuesday that he will retire at the end of his term, according to the Dallas Morning News.
"Today I am announcing that I will not seek reelection to the U.S. 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 said.
Hensarling, the chairman of the House Financial Services Committee, will be forced to step down after three terms leading the panel due to GOP rules.
The House Financial Services Committee chairmanship is a big role in Congress. We will continue to follow this development.
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