Barney Frank Will Not Seek Re-Election

Via Politico:
Massachusetts Rep. Barney Frank, the ranking member of the House Financial Services Committee, will not seek reelection in 2012, his office has confirmed. Frank is a 16-term Democrat who last year helped pass the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Frank's spokesman, Harry Gural, said in a statement that Frank will hold a conference at 1 p.m. at Newton City Hall in Newton, Mass., to "formally announce and answer questions about his decision not to run for reelelection in 2012."