Rep. Paul Kanjorski, the House Financial Services Committee's No. 2 Democrat successfully squeaked out his reelection bid in Tuesday's elections, but several Republican financial services lawmakers lost their seats including Reps. Chris Shays of Connecticut, Tom Feeney of Florida and Sen. Elizabeth Dole of North Carolina.

In the Senate, former Senate Banking Committee member, Republican John Sununu who enjoyed widespread banking industry support, in part for his stance on government-sponsored enterprise reform, also lost his New Hampshire seat.

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