McHenry Retirement Sets Off Race to Lead Financial Services (1)

Rep. Patrick McHenry’s retirement sets up a battle to be the next top Republican on House Financial Services, an exclusive committee with jurisdiction over banking, insurance, cryptocurrency, and housing matters.

There’s no single clear successor for McHenry’s (R-N.C.) job leading Financial Services, one of the most powerful House panels. Rep. Blaine Luetkemeyer (Mo.) emerged as an early frontrunner with other top contenders including Reps. French Hill (Ark.) and Bill Huizenga (Mich.).

Luetkeymeyer has good relationships with members of the GOP steering committee, but the party’s leadership turmoil this year, and the uncertainty of House control after next year’s elections, ...