Bachus, of Vestavia Hills, won an 11th term in Congress last November, easily defeating a Democratic challenger after an unusually stiff challenge in the GOP primary from Beason, who had Tea Party backing. But he also endured an investigation of his investment practices around Congress' $700 billion Wall Street bailout. He was eventually cleared by an ethics panel.
“My family didn't enjoy that last campaign,” Bachus said.
Bachus, who unseated Democratic Rep. Ben Erdreich in 1992, is a longtime member of the House Financial Services Committee, which he chaired for six years. His district includes much of metropolitan Birmingham and central Alabama into Tuscaloosa County.
Bachus said he was most proud of the years of work it took to establish the Alabama National Cemetery, which is now open for veterans in Montevallo.
U.S. Rep. Robert Aderholt, R-Haleyville, said Bachus will be missed.
“I have known Spencer to be a fine, gracious person who cares deeply about Alabama and has served his district well,” Aderholt said in a statement. “Spencer chaired the Financial Services Committee during a time of shaky markets with a steady hand.”
AP reporter Phillip Rawls contributed to this report from Montgomery.