Sean Duffy, leading GOP voice on House banking panel, to resign

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WASHINGTON — Wisconsin Republican and House Financial Services Committee member Sean Duffy is resigning from Congress next month after serving more than eight years in the chamber.

Duffy — a staunch Trump ally who is currently the ranking member of the subcommittee on housing and insurance — said he will step down Sept. 23 to spend more time with his family back in Wisconsin.

He and his wife, Fox News contributor Rachel Campos-Duffy, are expecting their ninth child in October. Duffy said in a Facebook post Monday that the child will suffer from several complications, including a heart condition, that will require more attention.

“With much prayer, I have decided that this is the right time for me to take a break from public service in order to be the support my wife, baby and family need right now,” he said on his Facebook page. “It is not an easy decision — because I truly love being your Congressman — but it is the right decision for my family, which is my first love and responsibility.”

He called his role as congressman “the highest honor” of his life and said he hopes his resignation will “allow others to step forward to begin laying out their own vision and plans for leading this beautiful district.”

During his tenure on the Financial Services Committee, Duffy routinely pushed to restructure the Consumer Financial Protection Bureau, and introduced legislation as recently as last year to make the agency’s guidance process more transparent and prevent the CFPB from going after institutions that rely in good faith on guidance.

While serving as chair of the subcommittee on housing and insurance when Republicans held the majority in the House, Duffy authored legislation to reform the National Flood Insurance Program and pushed for the panel to take up housing finance reform.

“After eight and a half years, the time has come for me to focus more on the reason we fight these battles — family,” Duffy said on his Facebook page. “I will miss being your Congressman, but I am also looking forward to having more time with my family, being home for more birthdays and hockey games, and having time to enjoy and care for our new baby girl, who is already so loved by our family.”

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Career moves Law and regulation Housing Flood insurance House Financial Services Committee CFPB