WASHINGTON — Rep. Jeb Hensarling, a Texas Republican with ties to Lone Star state muni-bond dealers and other financial firms, is most likely to become the next chairman of the House Financial Services Committee in January, according to lobbyists and market sources.

But another possible contender to succeed current chairman Rep. Spencer Bachus, R-Ala., is Rep. Scott Garrett, R-N.J., chairman of the committee’s capital markets and government-sponsored enterprises panel and vice chairman of the House Budget Committee, they said.

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