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Names Change. What About the Politics?

Traders Magazine, December 2000

William Hoffman

The securities industry now faces new committee leadership in Congress. On the Senate side, William Roth (R-Del.), chairman of the Senate Finance Committee, was unexpectedly defeated on Nov. 7. Sen. Charles Grassley (R-Iowa) will take his place. Three GOP and four Democratic vacancies on the committee will also have to be filled by the leadership of the 107th Congress.

Furthermore, House Ways and Means Committee chairman Bill Archer's retirement threw open the leadership of Congress's premier tax-writing body. Rep. Phil Crane (R-Ill.) is the committee's most senior Republican returning from the 106th Congress, but he may face a challenge for the chairmanship.

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