The Deal
Monday, November 23, 
9:48 am

What Waxman's win means for dealmaking

  Share     E-Mail    Discussion    Print Story

capitol_building_facade.jpgRep. Henry Waxman, D-Calif., will be the House of Representatives' chief overseer of media and telecom mergers, the energy industry and foreign acquisitions that have national security implications. Waxman landed that charge Thursday morning after beating Rep. John Dingell, D-Mich., in a battle for the chairmanship of the House Energy and Commerce Committee. Waxman had argued that Dingell was too close to automakers and had not done enough to impose tighter emission standards on cars or to pursue other environmental initiatives.


Continue reading below

Also on Dealscape

A big blow to Dingell came Wednesday when the House Democratic Steering Committee nominated Waxman for the Energy and Commerce chairmanship. Waxman won a 25-22 vote over Dingell in a closed-door meeting.

Dingell, 82, is the House's longest-serving member. He was 29 when he was elected to fill his father's seat in 1955.

Waxman, who has been chairman of the House Oversight and Government Reform Committee since 2006, has used that post to wage investigations and hearings into the Bush administration's conduct of the Iraq War, use of executive privilege, attempts at deregulation and many other highly politicized topics. He also has pursued investigations of executive pay and other corporate practices. - Bill McConnell

Bill McConnell is The Deal's Washington bureau chief.





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.