House Financial Services Committee Chairman Jeb Hensarling, a Texas Republican, won’t run for re-election in 2018, he said in a statement. Hensarling said that he never intended to make his service in Congress “a lifetime commitment” and wanted to use his remaining 14 months in the House to work on housing-finance reform, regulatory relief and tax reform. Hensarling’s term as committee chairman ends next year, and he said “the time seems right for my departure.”
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