October 31, 2005
House Republican Oxley may retire – sources
WASHINGTON (Reuters) - The chairman of the U.S. House
Financial Services Committee, Ohio Republican Rep. Michael
Oxley, could announce his retirement as early as Tuesday,
sources close to the congressman said on Monday.
Oxley's spokeswoman did not return calls for comment.
Representatives to overhaul regulation of mortgage finance
giants Fannie Mae and Freddie Mac.
The bill must still clear the Senate, which is unlikely
Despite Congress being in session, Oxley has events
scheduled in his home state on Tuesday.
"There could be an announcement tomorrow in Ohio," said one
But other sources close to the congressman said he might
also make the announcement from Washington on Wednesday.
Oxley, 61, entered Congress representing his Ohio district
He co-authored the 2002 post-Enron corporate reform law
that is commonly referred to as Sarbanes-Oxley.