Rep. Spencer Bachus Plans to Retire, Not Seek Re-Election

After servicing 21 years in Congress, Rep. Spencer Bachus, R-Ala., has decided not to seek re-election in 2014.

Bachus is a long-time member of the House Financial Services Committee and served as the ranking Republican on the panel during the markup for the Dodd-Frank Act of 2010.

When the Republicans won control of the House in 2010 elections, Bachus became the committee chairman for one term (2011-2012).

During that term, the committee passes a flood insurance reform bill.

His achievements during 11 terms are notable and many, said Rep. Jeb Hensarling, R-Texas, the current committee chairman.

As ranking member of the Financial Services Committee, Spencer provided outstanding leadership during the debate on the Dodd-Frank Act and fought against its job-killing overregulation, Hensarling said.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Rep-Bachus-Plans-Retire-Not-Seek-Re-Election-1039125-1.html

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