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.

Oxley most recently shepherded a bill through the House of
Representatives to overhaul regulation of mortgage finance
giants Fannie Mae and Freddie Mac.

The bill must still clear the Senate, which is unlikely
this year.

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
in 1981.

He co-authored the 2002 post-Enron corporate reform law
that is commonly referred to as Sarbanes-Oxley.