WASHINGTON — House Republicans are preparing to add several freshman members to the House Financial Services Committee next year, while forcing the exit of two current panelists — Reps. David Schweikert and Walter Jones.

Schweikert's removal is likely due to personal conflicts with GOP leadership, according to industry sources. The Tea Party favorite served as vice chairman of the subcommittee on capital markets and government sponsored enterprises and was briefly a member of the House whip team before being forced out after a disputed vote.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.