“Vocal, powerful, Republican critic of Wall Street rules leaving Congress”


“WASHINGTON (Reuters) – Representative Jeb Hensarling, the Republican chairman of the U.S. House of Representatives Financial Services Committee, announced on Tuesday that he would retire from Congress at the end of 2018, marking the exit of Congress’s leading advocate for rolling back strict financial rules.

Hensarling, 60, of Texas, said in a statement that he would not seek re-election, noting that his term as head of the banking panel expires at the same time. He has been a vocal proponent of significant deregulation in the financial sector and an author of sweeping legislation to drastically reduce the regulations imposed on banks.” MORE