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Barney Frank To Retire From Congress Barney Frank To Retire From Congress

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Barney Frank To Retire From Congress

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Rep. Barney Frank, D-Mass., surrounded by members of the media after announcing he will not seek reelection in 2012 on Monday in Newton, Mass.(AP Photo/Stephan Savoia)

Rep. Barney Frank will announce later today he will not seek a 17th term in Congress next year, his office said in a statement this morning. Frank will make his announcement at the Newton City Hall this afternoon.

(PICTURES: Who's Leaving the House?)

The Massachusetts Democrat, first elected in 1980, serves as the ranking Democrat on the House Financial Services Committee. During a four-year stint as chairman of the panel, he helped shepherd the Dodd-Frank overhaul of the nation's financial regulations.

He won a closer-than-expected re-election bid in 2010, taking 53 percent of the vote, his lowest total since first winning his Newton- and Tauton-based district in 1980.

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