Jeb Hensarling
Jeb Hensarling
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Jeb Hensarling

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Jeb Hensarling

Thomas Jeb Hensarling (born May 29, 1957) is an American politician who served as the U.S. representative for Texas's 5th congressional district from 2003 to 2019. A member of the Republican Party, he chaired the House Republican Conference from 2011 to 2013 and House Financial Services Committee from 2013 until 2019. The Los Angeles Times described Hensarling, "a fervent believer in free market ideology" and that he was "a pivotal player in the GOP effort to reduce financial regulation in the Trump Era". The Wall Street Journal called him "a driver of economic policy in the house". Hensarling has close ties to Wall Street, having received campaign donations from every major Wall Street bank as well as various payday lenders.

On October 31, 2017, Hensarling announced that he would not seek reelection in 2018. In 2019, he revealed he was joining UBS Group AG as executive vice chairman for the Americas region. In 2023, he stepped down from that position.

Hensarling was born in Stephenville, the seat of government of Erath County in Central Texas; he was reared on the family farm in College Station. Jeb Hensarling has one brother, James Andrew Hensarling (born 1954) now deceased, and a sister, Carolyn Hensarling Arizpe. He is an Episcopalian.

Like his late father, Jeb Hensarling graduated from Texas A&M University; he received a bachelor's degree in economics in 1979. In 1982, he earned a Juris Doctor degree from the University of Texas School of Law at Austin.

Prior to serving in Congress, Hensarling was State Director for Texas Senator Phil Gramm from 1985 until 1989. He also managed Gramm's re-election campaign in 1990. From 1991 to 1993, he served as executive director of the Republican Senatorial Committee.

Hensarling next served as a vice president at two companies before becoming owner of San Jacinto Ventures in 1996 and CEO of Family Support Assurance Corporation in 2001.[citation needed] He served as vice president of Green Mountain Energy from 1999 to 2001.

Hensarling was elected to his first term in 2002, defeating Democratic opponent Ron Chapman with 58 percent of the vote. He was reelected in 2004 with 64 percent of the vote over Democratic challenger Bill Bernstein. In 2006, he was reelected with 62% of the votes over Charlie Thompson (D) with 36%, and in 2008 with 84% against Ken Ashby (L) with 16%. In 2010, Hensarling was reelected with 71% of the votes, in 2012 with 64% and in 2014 with 85%. In 2016 Hensarling gained a total of 80% of the votes and defeated Ken Ashby, who had received 20% of the votes.

A December 31, 2005, article in National Review profiled his work as the country's "budget nanny", saying that he replaced his mentor, former Senator Phil Gramm, in this role. Hensarling's proposed legislation was said to be intended to force Congress to "decide how much money they can afford to spend, and then prioritize within those limits." The article said that "the chief problem with any proposal to reform the budget process is that it excites almost nobody."

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