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Massachusetts Democratic Rep. Barney Frank to Retire Massachusetts Democratic Rep. Barney Frank to Retire

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CONGRESS

Massachusetts Democratic Rep. Barney Frank to Retire

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Rep. Barney Frank D-Mass., ranking Democrat on the House Financial Services Committee, participates in the committee's hearing on Capitol Hill in Washington Tuesday March 1, 2011, where Treasury Secretary Timothy Geithner testified. (AP Photo/Jose Luis Magana)

Longtime Democratic Rep. Barney Frank of Massachusetts will announce on Monday that he will not seek a 17th term in Congress next year, according to a statement from his office.

Frank will make his announcement at the Newton City Hall in the afternoon.

 

(PICTURES: Who is 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 Taunton-based district in 1980.

 

 

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