washington representative jeb hensarling republican chairman u.s. house representatives financial service committee announce tuesday would retire congress end 2018 mark exit congress lead advocate roll back strict financial rule hensarling 60 texas say statement would seek re-election note term head bank panel expire time vocal proponent significant deregulation financial sector author sweep legislation drastically reduce regulations impose bank today announce seek re-election u.s. congress 2018 hensarling say statement although service congress remain great privilege life never intend make lifetime commitment already stay far long originally plan hensarling first elect congress 2002 architect broad rewrite 2010 dodd-frank financial reform law overall would eliminate several major power give regulators 2007-2009 financial crisis impose strict new limitations authority bill financial choice act expect become law pass house due insufficient support senate work hail gop colleagues ambitious effort cut regulation bank industry jeb eloquently articulate conservative vision lead charge repeal dodd-frank deliver free market give every american opportunity achieve american dream say house majority leader kevin mccarthy statement bank lobby group include financial service roundtable american bankers association say hensarling strong leader advance reform lead economic opportunity good bank steadfast critic rule impose financial sector crash become industry ally efforts roll back efforts also make top target advocate strict rule say efforts would put americans risk similar meltdown hensarling probably decide spend time bank hope revolve door hit hard way say karl frisch executive director ally progress gop lawmakers announce plan retire face uphill re-election battle hensarling hail deeply conservative district texas remain highly popular 2016 face republican rival party primary take 80.6 percent district vote general election even though district consistently vote republican resignation provide another opportunity democrats realize hop take control house 2018. lawyer dan wood already enter race party nominee seat unlike exit republicans hensarling never publicly feud president donald trump fact trump consider hensarling post administration election exit set competition take head powerful bank committee representative patrick mchenry vice chair committee representatives blaine luetkemeyer bill huizenga sean duffy also potential contenders accord lobbyists familiar committee one lobbyist say luetkemeyer lead candidate lead panel mchenry see rise star house leadership luetkemeyer seriously consider run chairmanship accord spokeswoman hensarling next move unclear lobbyists speculate could take top role conservative think tank like heritage foundation alternatively could take role administration return home state cowen co analyst jaret seiberg say client note hensarling could top contender take federal house finance agency regulate fannie mae freddie mac current fhfa director mel watt appointee former president barack obama serve term expire january 2019. vocal powerful critic wall street rule leave congress