David Wallace attended Union College in Schenectady, New York, and later received a scholarship at the University of Reading in England for international studies in Real Estate, Finance and Law, before graduating from the University of North Texas with a Bachelor of Business Administration in Real Estate Finance.
Wallace gained support of the Fort Bend County Republican Party Chair Eric Thode and former Sugar Land Mayor Lee Duggan.
On the night of April 3, 2006, former House Majority Leader Tom DeLay decided to retire from Congress instead of facing a difficult re-election bid (for a twelfth term).
Nick Lampson won the general election, despite a strong showing by Sekula-Gibbs and a visit by President George W. Bush and U.S.
[5] On March 24, 2015, David Wallace filed personal Chapter 7 bankruptcy in the U.S. Bankruptcy Court in Houston[6] and, on the same day, Houston Public Media reported that Wallace Bajjali Development Partners had "lost millions of dollars in the 2009 collapse of the BizRadio Ponzi Scheme".