Louisiana representative considers leaving Congress
1:00 AM
Posted: Saturday, January 05, 2008
BATON ROUGE, La. (AP) -- U.S. Rep. Richard Baker is considering leaving his congressional seat to lead the main lobbying group for the hedge fund industry, the Republican said Friday.
Baker, who was elected to serve Baton Rouge in 1986, said he will soon decide whether to become the next president and CEO of the Managed Funds Association.
"I don't see these discussions taking weeks or months. I see it more as a matter of days," Baker said Friday.
An after-hours message left at the association's Washington, D.C., headquarters was not immediately returned Friday night.
If he takes the job, Baker said, he would leave Congress to avoid a conflict of interest between the wide-ranging hedge fund industry and his position on the U.S. House Financial Services Committee.
The governor would have to set a special election to fill Baker's seat if he resigns. Baker said he will run for re-election in the fall if he doesn't take the job.
Baker, who was elected to serve Baton Rouge in 1986, said he will soon decide whether to become the next president and CEO of the Managed Funds Association.
"I don't see these discussions taking weeks or months. I see it more as a matter of days," Baker said Friday.
An after-hours message left at the association's Washington, D.C., headquarters was not immediately returned Friday night.
If he takes the job, Baker said, he would leave Congress to avoid a conflict of interest between the wide-ranging hedge fund industry and his position on the U.S. House Financial Services Committee.
The governor would have to set a special election to fill Baker's seat if he resigns. Baker said he will run for re-election in the fall if he doesn't take the job.
Story Comments
Read More and Post Comments 3 comment(s)
Please note: The following are comments from readers. In no way do they represent the views of The Sioux City Journal or Lee Enterprises. We will not edit or alter your comments, but we do reserve the right to not post or to remove comments that violate our code of conduct. No comment may contain potentially libelous statements; obscene, explicit or racist language; personal attacks, insults or threats. Terms of Service
Dick wrote on Jan 7, 2008 2:26 AM:
Al Gored wrote on Jan 5, 2008 6:29 PM:
Dick wrote on Jan 5, 2008 7:31 AM: