 In 1992, the seat changed hands yet again, as Sanford was defeated by wealthy GOP businessman Lauch Faircloth, who himself lost in his bid for a second term six years later by John Edwards.In 2004, no incumbent was defeated, as Edwards was running for vice president and was not allowed to be on the ballot in both races.However, that year the seat did change parties for the fifth time in a row, with Richard Burr defeating Bill Clinton's onetime Chief of Staff Erskine Bowles.