GOP Rep. Bachus Will Not Seek Another Term

House Financial Services Committee Chairman Rep. Spencer Bachus, R-Ala. speaks to the first panel before the committee on Capitol Hill in Washington, on Tuesday, June 19, 2012.
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Rep. Spencer Bachus (R-AL) said Monday that he will not seek re-election next year.

Bachus, who’s served in the House since 1993, made the announcement on local television station WBRC. He is chairman emeritus of the House Financial Services Committee.

Correction: Bachus is chairman emeritus of the House Financial Services Committee. The current chair is Rep. Jeb Hensarling (R-TX).

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