With the likelihood that Democrats will take control of the House of Representatives, the odds are that John LaFalce, the 13-term congressman, will become the next chairman of the banking committee. The position is opening because current committee chairman Jim Leach has held the position for the six-year limit. LaFalce, who played an important role in creating the final version of the Gramm-Leach-Bliley Act, has an agenda including initiatives that would require greater disclosure on credit cards, measures against predatory lenders, and the creation of privacy standards. If Republicans are able to keep control of the House, the most likely candidate to take over the chairman position is Marge Roukema. She has served on the committee longer than any other Republican.