WASHINGTON – GOP Rep. Judy Biggert, a senior member of the House Financial Services Committee, will be leaving Congress at the end of the year, after losing a tough race to former Democratic Rep. Bill Foster. The Illinois lawmaker, who’s served seven terms, lost to Foster by a 16-point margin, in large part due to congressional redistricting. Foster first joined the House in March 2008, when he won a special election to replace former House Speaker J. Dennis Hastert. He also won a general election in November 2008 and served a full term, but lost his reelection bid in 2010 to a Republican challenger. Foster was also a member of the banking panel during his tenure, and has defended the Dodd-Frank reform law during his campaign.
“You had an extremely credible candidate running against you in a district where the demographics were also against you,” said Edward Mills, a financial policy analyst at FBR Capital Markets and former Hill aide.