Frank to Retire; Waters is Frontrunner for Chair

Posted on December 2, 2011 by Jeffrey M. Werthan

On November 28, Barney Frank, long-time Chairman and currently ranking member of the House Financial Services Committee, announced he would not seek reelection in 2012. Representative Maxine Waters, D - Cal., announced on November 29 that she would seek Frank's position once vacated. Aside from Mr. Frank, Ms. Waters has seniority among all Democrats on the committee. She is currently the subject of an ethics investigation.

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