The House Financial Services Committee chairman had been under a cloud of accusations he used his post to obtain private information to make profitable financial trades.
Bachus said in a statement he was relieved the "long, painful and frustrating experience" was over, The Hill reported. He called the allegations against him part of a "destructive and disruptive, media generated assault."
"While their review and report should never have been necessary, I am pleased that they have helped clear my name," he said.
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