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Tuesday, November 01, 2005

OH-04: Oxley to Retire

Posted by Tim Tagaris

Just as someone in the comments predicted yesterday. From the Wall St. Journal:

The House sponsor of the Sarbanes-Oxley Act that imposed sweeping corporate-governance requirements on U.S. business is expected to announce today that he won't run for re-election next year.

Rep. Mike Oxley (R., Ohio) will tell political supporters that he will leave Congress when his twelfth term expires in 2006, a close associate said. His office did not return calls seeking comment.

Mr. Oxley is entering the final year of his six-year term as chairman of the House Financial Services Committee, where he helped draft and enact the 2002 law that bears his name. His Senate counterpart, former Senate Banking Committee Chairman Paul Sarbanes (D., Md.), announced his retirement earlier this year.

The Fix Confirms:

Rep. Mike Oxley (R-Ohio) is planning to retire from Congress and could make an announcement to that effect as early as this week, according to four sources with close ties to House Republicans who were told of the decision by a mix of aides on Capitol Hill and members of Congress. The sources requested anonymity because they do not work for Oxley and don't want to jeopardize their relations with the congressional leadership by leaking the news.

Paging Ben Konop. Will Ben Konop please pick up the nearest courtesy phone.

Posted at 12:15 PM in Ohio | Technorati

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