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.