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Spencer Bachus

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** FILE ** In this June 19, 2012, file photo, Rep. Spencer Bachus, R-Ala., speaks on Capitol Hill in Washington. Bachus says he won't seek re-election after his current term. The 6th District congressman made the announcement during a live interview Monday on Birmingham, Ala., station WBRC-TV. (AP Photo/Jacquelyn Martin, File)

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"We must make certain they do not harm the economy by drowning small business lenders in a sea of red tape," says Rep. Spencer Bachus, Alabama Republican, of the health care law.

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"We must make certain they do not harm the economy by drowning small business lenders in a sea of red tape," says Rep. Spencer Bachus, Alabama Republican, of the health care law.

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Sen. Spencer Bachus, Alabama Republican, warns of a "sea of red tape" associated with the Dodd-Franks Act. (Image from Rep. Spencer Bachus)

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House Financial Services Committee Chairman Barney Frank, Massachusetts Democrat (right), confers with the committee's ranking Republican, Spencer Bachus of Alabama, during a September hearing. Mr. Bachus, who will succeed Mr. Frank as chairman in January, is expected to exhibit a more reserved style. (Associated Press)

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**FILE** House Financial Services Committee ranking Rep. Spencer Bachus (right), Alabama Republican, speaks Oct. 2, 2008, during a news conference on the financial market turmoil on Capitol Hill. (Associated Press)