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In the Marketplace

By ALM Staff | Law Journal Newsletters |
July 28, 2006

The Equipment Leasing Association of Arlington, VA announced that former U.S. Representative Kenneth E. Bentsen, Jr. has assumed leadership of the organization as president effective July 1. He joined ELA from his previous position as a Managing Director at Public Strategies, Inc. of Austin, TX. Bentsen succeeds Michael Fleming, who retired as president after serving in that position for the last 27 years. Fleming will continue to remain an active member of the leasing community and will join the U.S. division of The Alta Group as a principal.

Bentsen, only the second president to serve since the association's founding, previously represented the 25th District of Texas in the U.S. House of Representatives from 1995 to 2003. As a senior member of both the House Budget and Financial Services Committees, he helped craft the legislation to modernize the nation's banking and securities laws and the Sarbanes-Oxley Act. He also authored and co-authored many measures related to health care, thrift savings plans, international trade, and the nation's response to terrorism, particularly with respect to banking and insurance. Prior to serving in Congress, Bentsen was an investment banker in Houston and New York, specializing in municipal and housing finance. He was a senior banker for numerous structured-finance, mortgage-backed, special purpose and general government transactions.

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