WASHINGTON–Texas Republican Jeb Hensarling, the chairman of the House Financial Services Committee with whom credit unions have worked on a number of initiatives, has announced he will not seek re-election in 2018.
Hensarling, whose district is made up largely of Dallas, has been an ally of credit unions on a number of efforts to roll back regulations, including from the CFPB.
"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 in an email.
Hensarling remains a key player in the ongoing negotiations over tax cuts and tax reform, and he said he will continue to be a champion of those efforts.
"Much work remains at the House financial services committee in the areas of housing finance reform, regulatory relief, cybersecurity 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."
Hensarling is the 21st Republican member of the House of Representatives who has said he/she will not seek reelection in 2018.