Current:Home > FinanceRep. Patrick McHenry, former temporary House speaker, to retire from Congress -Wealthify
Rep. Patrick McHenry, former temporary House speaker, to retire from Congress
View
Date:2025-04-26 11:42:45
Rep. Patrick McHenry, onetime temporary House speaker, will not seek reelection to Congress next year, he announced in a statement Tuesday.
"I will be retiring from Congress at the end of my current term," McHenry said. "This is not a decision I come to lightly, but I believe there is a season for everything and—for me—this season has come to an end."
When Rep. Kevin McCarthy became the first House speaker in history to be removed in a no-confidence vote in early October, McHenry became the speaker pro tempore, and he remained in the job until Rep. Mike Johnson was elected speaker on Oct. 25, after a weeks-long stalemate.
- Kevin McCarthy has been ousted as speaker of the House. Here's what happens next.
- Kevin McCarthy won't run for speaker again
McHenry, 48, has represented North Carolina's 10th congressional district since 2005.
McHenry insisted concerns about congressional departures are "greatly exaggerated."
"There has been a great deal of handwringing and ink spilled about the future of this institution because some—like me—have decided to leave," McHenry said. "Those concerns are exaggerated. I've seen a lot of change over twenty years. I truly feel this institution is on the verge of the next great turn. Whether it's 1974, 1994, or 2010, we've seen the House evolve over time. Evolutions are often lumpy and disjointed, but at each stage, new leaders emerge. There are many smart and capable members who remain, and others are on their way. I'm confident the House is in good hands. I look forward to what the next season brings for my family and me."
McHenry's district encompasses an area west and north of Charlotte and is viewed as a safe Republican seat. He and his wife have two daughters. Born in Gastonia, North Carolina, McHenry attended North Carolina State University and Belmont Abbey College. He was the national coalition director for George W. Bush's presidential campaign in 2000. In 2002, he won a seat in North Carolina's General Assembly.
What has McHenry accomplished in Congress?
McHenry is the chairman of the House Financial Services Committee, and before that, he served as the House GOP's chief deputy whip. McHenry's office touts his role in the passage of the 2017 Tax Cuts and Jobs Act, the Trump and former House Speaker Paul Ryan-era law that significantly lowered corporate tax rates.
McHenry was a lead Republican negotiator on debt ceiling negotiations this spring, and played a significant role in brokering a deal with Democrats to avoid default.
McHenry also authored a law, signed by former President Barack Obama, to help entrepreneurs by providing the opportunity for startup employees to sell their stock options to private investors. The North Carolina Republican works on combining finance and technology to expand access to capital for small businesses.
- In:
- United States Congress
Kathryn Watson is a politics reporter for CBS News Digital based in Washington, D.C.
veryGood! (17528)
Related
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- San Francisco’s Brock Purdy throws 4 TD passes as 49ers thump injured Hurts, Eagles 42-19
- Heidi Firkus' fatal shooting captured on her 911 call to report an intruder
- Deputy on traffic stop in Maine escapes injury when cruiser hit by drunken driver
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- The death toll from a mining tragedy in South Africa rises to 13 after a worker dies at a hospital
- Speak now, Taylor: How Swift can use her voice to help save our planet from climate change
- Harris dashed to Dubai to tackle climate change and war. Each carries high political risks at home
- Taylor Swift Cancels Austria Concerts After Confirmation of Planned Terrorist Attack
- Heavy snowfall hits New England and leaves thousands in the dark in Maine
Ranking
- 51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
- The death toll from a mining tragedy in South Africa rises to 13 after a worker dies at a hospital
- Meg Ryan pokes fun at Billy Crystal, Missy Elliott praises Queen Latifah at Kennedy Center Honors
- Alaska Airlines to buy Hawaiian Airlines in $1.9 billion deal
- In ‘Nickel Boys,’ striving for a new way to see
- 'I did not write it to titillate a reader': Authors of books banned in Iowa speak out
- Atmospheric river to dump rain, snow on millions; Portland could get month's worth of rain
- Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
French foreign minister says she is open to South Pacific resettlement requests due to rising seas
We all know physical fitness is crucial. But how many days weekly should you work out?
Heidi Firkus' fatal shooting captured on her 911 call to report an intruder
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
California faculty at largest US university system launch strike for better pay
Berlin police investigate a suspected arson attempt at Iran opposition group’s office
Gore blasts COP28 climate chief and oil companies’ emissions pledges at UN summit