“I am retiring as your congressman,” Brady revealed in a speech throughout an financial convention hosted by the Woodlands Space Chamber of Commerce. “This time period, my thirteenth, will probably be my final.”

Brady, 66, served because the chairman of the highly effective Home Methods and Means Committee, the highest tax-writing physique within the chamber, for 2 phrases. He turned the rating Republican on the panel in 2019, after Democrats took majority management of the Home.

Brady confronted a time period restrict on his position because the Republican chief of the committee — and mentioned that reality weighed on his choice to retire.

“As a result of Home Republicans restrict committee management to 6 years, I will not be capable of chair the Methods and Means Committee within the subsequent session when Republicans win again the bulk,” Brady mentioned.

“Did that issue into the choice? Yeah, some.”

However Brady mentioned that he nonetheless sees these limits as a “good factor” as a result of they “guarantee lawmakers who work arduous and who work effectively sometime have the chance to steer, to carry recent new concepts to each committee we now have.”

Brady, anticipating questions from these interested in his motive for retiring, additionally mentioned he was “completely not” leaving Congress as a result of he has “misplaced religion in a partisan Congress and the political system.”

“After 25 years within the nation’s Capitol I have never but seen an issue we won’t clear up or transfer previous. Not one.”

He added: “Given the instances, I am positive some will say, ‘It is Trump’s fault.’ Nonsense.”

That is breaking information. Please verify again for updates.