Florida Republican announces retirement from Congress

The top Republican in charge of funding for Wall Street watchdogs is retiring from Congress.

Rep. Ander Crenshaw (Fla.) announced on Wednesday he would not seek reelection in 2016.

{mosads}“After a great deal of reflection, I have decided not to seek re-election this fall,” he said in a statement. “I am proud of the work we have accomplished for the citizens of Northeast Florida and our nation during my time in Congress. Progress is measured in projects completed and lives impacted, and I think we made a difference. Now, it is time to turn the page on this chapter of my life and see what’s next.”

Crenshaw is currently the chairman of the House Appropriations subcommittee for financial services and general government. He is in charge of setting the budgets for regulators like the Securities and Exchange Commission and Commodity Futures Trading Commission.

A member since 2000, Crenshaw also holds seats on Appropriations subcommittees devoted to the Defense and State departments and foreign operations.