Hensarling keeps Financial Services gavel

Rep. Jeb HensarlingThomas (Jeb) Jeb HensarlingHas Congress lost the ability or the will to pass a unanimous bipartisan small business bill? Maxine Waters is the Wall Street sheriff the people deserve Ex-GOP congressman heads to investment bank MORE (R-Texas) will stay on as chairman of the House Financial Services Committee. 

The Republican Steering Committee on Tuesday reappointed Hensarling, who has proven himself an ally to the Tea party on key financial issues.

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There were some rumblings that Hensarling would face a challenge from Rep. Frank LucasFrank Dean LucasHillicon Valley: Doctors press tech to crack down on anti-vax content | Facebook, Instagram suffer widespread outages | Spotify hits Apple with antitrust complaint | FCC rejects calls to delay 5G auction Overnight Energy: Solar installations dropped in 2018 | UN report says rising Arctic temperatures 'locked in' | Fiat Chrysler to recall 850K vehicles House technology committee leaders ask to postpone 5G spectrum auction MORE (R-Okla.).

Hensarling has bucked the business community in his time as chairman, most notably on issues like the reauthorization of the Export-Import Bank and Congress’s terrorism insurance program (TRIA). 

He has argued that such programs — traditionally bipartisan issues with broad support in Congress — put taxpayers at risk and benefit only a few.