Another Republican, Richard Baker (LA-06), is leaving Congress for greener (richer) pastures:
The dean of Louisiana’s congressional delegation, Rep. Richard Baker, has decided to step down from Congress after 22 years to take a job in the private sector representing investors he has spent a career regulating.
Rep. Richard Baker has decided to step down from Congress after 22 years.The announcement by the Baton Rouge Republican was not unexpected and makes him the third member of the state’s seven-member House delegation to resign or announce plans to resign in the past two months.
Baker, 59, a senior member of the House Financial Services Committee, will take the helm of the Managed Funds Association, the industry group that represents the $1.8 trillion hedge fund industry. Baker notified the House Ethics Committee 11 days ago that he had been approached by the group about becoming president and CEO.
He will step down February 7, triggering another special election in Louisiana – and more money the Republicans have to spend to defend their seats. This one could be pretty competitive.
Another one bites the dust.
