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Rep. Jeb Hensarling (R-TX) Announces Retirement
Wednesday, November 1, 2017 6:50 AM

Rep. Jeb Hensarling is retiring from Congress when his term is up in 2018.  He released a statement Tuesday, stating he never aimed to become a career politician.  "Today I am announcing that I will not seek reelection to the US 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 has represented the 5th district of Texas since 2003, which includes Anderson, Cherokee, Henderson, Kaufman and Van Zandt counties and parts of Dallas and Wood counties.

He has chaired the Financial Services panel since 2013, leading the House GOP fight against the strict Dodd-Frank Act finance rules passed after the financial crisis.  The committee produced many bills to restrict or eliminate major portions of Dodd-Frank, laying the groundwork for Hensarling’s Financial CHOICE Act. The House passed the bill in June, but it has not passed in the Senate.

Hensarling will continue to serve as Chairman of the House of Financial Services Committee until next year, which will continue to work on financial regulations, housing finance, cyber security and capital formation.

‘Rep. Hensarling has been a strong voice for sensible regulatory reform, and we appreciate all he has done to strengthen credit unions,’ said Cornerstone Credit Union League President Caroline Willard. ‘He will leave big boots to fill.’

Contact Texas Credit Union Association President Jeff Huffman at 469-385-6488 orjhuffman@txcua.coop for more information.