Rep. Michael Oxley, R-Ohio, and chair of the House Financial Services Committee, whose surname represents half of the most famous hyphenate in the history of accounting reform, will retire from the House after 25 years in Congress.

Term limits will force Oxley, 61, to give up the FSC chairmanship at the end of 2006, and he said that prompted his decision to retire at the expiration of his term in January 2007.

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