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Hensarling Picked to Head House Financial Services Committee

Rep. Jeb Hensarling, a Republican from Texas, was named as Chairman of the House Financial Services Committee when Congress convenes in January 2013.

Hensarling, a conservative, known for his skepticism of big banks and the government’s role in mortgage finance, will succeed the current chairman of the House Financial Services Committee, Rep. Spencer Bachus (R., Ala.).  Mr. Bachus had served the maximum six years he is permitted as either chairman or ranking minority member of a committee under party rules.

View a full article in the Wall Street Journal on Hensarling’s new role [here.]