Rep. Spencer Bachus (R-Ala.), the chairman emeritus of the House Financial Services Committee, announced last week that he would not seek re-election.
“It has been the greatest privilege imaginable to serve as the representative of the people of Alabama in the United States House of Representatives,” Bachus said. “It is an honor that I never dreamed could have been possible for me, and the words ‘thank you’ are far from adequate. But as Ecclesiastes 3 says, to everything there is a season and I feel in my heart that now is the time for me to announce this decision and allow others to have the opportunity to serve. This was a family decision, because my wife Linda, our five children, and our seven grandchildren have always been my biggest source of support, strength, and joy.”
First elected to the House in 1992, Bachus served on the committee for six years. Currently, he also serves as the chairman of the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law.
HFSC Chairman Jeb Hensarling said Bachus has “always been a tough fighter” for important issues.
“It has been my great privilege to work with Spencer over the past decade on the Financial Services Committee,” Hensarling said. “He is my friend and he has led the committee well. I look forward to continuing our work together as he concludes his service in the House over the next year, and we will miss him when he departs.”