Hensarling keeps Financial Services gavel

Rep. Jeb HensarlingThomas (Jeb) Jeb HensarlingLawmakers battle over future of Ex-Im Bank House passes Ex-Im Bank reboot bill opposed by White House, McConnell Has Congress lost the ability or the will to pass a unanimous bipartisan small business bill? 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 LucasProviding affordable housing to recruit our next generation of volunteer firefighters Republicans divided on how hard to push vaccines On The Money: Schumer pressured from all sides on spending strategy | GOP hammers HUD chief over sluggish rental aid | Democrat proposes taxes on commercial space flights 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.