Front-Runners: LaFalce, Roukema U.S. Banker (08/00) Vol. 110, No. 8 p.18; Roberts, Ed
With the likelihood that Democrats will take control of
the House of Representatives, the odds are that John LaFalce, the
13-term congressman, will become the next chairman of the banking
committee. The position is opening because current committee
chairman Jim Leach has held the position for the six-year limit.
LaFalce, who played an important role in creating the final
version of the Gramm-Leach-Bliley Act, has an agenda including
initiatives that would require greater disclosure on credit
cards, measures against predatory lenders, and the creation of
privacy standards. If Republicans are able to keep control of
the House, the most likely candidate to take over the chairman
position is Marge Roukema. She has served on the committee
longer than any other Republican.