Under House GOP rules, ranking members only get to keep their top slot on committee's for 6 years. Spencer Bachus has been the ranking member on the financial services committee since 2006, therefore he only has 2 more years left before he is limited and the next in line to take the gavel would be Ron Paul (assuming he's not being sworn in as president )
This will also mean that Hal Rogers of Kentucky, one of the biggest porkers in Congress is in line to be chairman of the Appropriations committee.
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