WASHINGTON — Congressman Rick Renzi (R-Ariz.) will not be seeking re-election, the National Republican Congressional Committee recently announced.
Renzi, a House Financial Services Committee member, was a co-sponsor to the Credit Union Regulatory Improvements Act (H.R. 1537) in the 109th Congress, but had not yet re-signed onto the bill this session.
NAFCU Senior Vice President of Government Affairs Dan Berger said of the announcement, "Over the years, Congressmen Renzi and his staff have been great in terms of understanding credit unions and our litany of financial services issues."
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"Rep. Renzi stood up for credit unions when credit unions needed his support for CURIA, and we are very grateful for that. We will certainly miss his backing of the movement with his retirement," CUNA Senior Vice President of Legislative Affairs John Magill said.
The three-term congressman was considered "seriously damaged politically," according to a report from the Associated Press. The FBI had raided his wife's business earlier this year, a land swap by his former business partner and campaign donor was being investigated, the financing of his 2002 campaign was scrutinized but the inquiry was dropped, and Renzi has paid hundreds of thousands in back taxes; Renzi has denied doing anything wrong.
As Credit Union Times previously reported, former House Speaker Dennis Hastert (R-Ill.) and senior House Financial Services Committee Member Deborah Pryce (R-Ohio), ranking member of the Capital Markets Subcommittee, have announced they will not seek re-election.
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