"It is our belief that Spencer is the best person to continue leading our team as we build on the successes of the last Congress and implement our agenda of GSA reform, rigorous oversight of the Administration and monitoring implementation of the Dodd-Frank Act," the letter said.
The letter tried to squash doubts that Bachus can't match wits with current Chairman Barney Frank (D-Mass.).
"In debating Chairman Barney Frank, ranking member Bachus has been an effective and insightful opponent. His command of the issues is apparent in committee deliberations and on the floor, and his strong arguments and principled positions have made him a worthy adversary on the issues before our committee," the letter said.
They argued that Bachus rallied Republicans around a "no more bailouts" message that convinced 23 Democrats to vote against the financial regulatory reform bill.
The letter was signed from Reps. Randy NeugebauerRandy NeugebauerHow the election could reshape key finance, banking committees Court ruling highlights need for new CFPB structure Top CFTC aide joins boutique K Street firm MORE (Texas); and subcommittee ranking members Scott GarrettScott GarrettDefeated GOP lawmaker won’t coordinate transition with successor: report Overnight Finance: Trump expected to pick Steven Mnuchin for Treasury | Budget chair up for grabs | Trump team gets deal on Carrier jobs New House GOP campaign chairman starts with a lead MORE (N.J.)Capital Markets, Insurance and Government-Sponsored Enterprises; Jeb Hensarling, (Texas) Financial Institutions and Consumer Credit; Shelley Moore Capito (W.Va.) Housing and Community Opportunity; Ron Paul (Texas) Domestic Monetary Policy and Technology; Gary Miller, International Monetary Policy and Trade and Judy Biggert, (Ill.), Oversight and Investigations.