Spencer Bachus Won't Seek Reelection In 2014

Bachus Won't Seek Reelection
Representative Spencer Bachus, the ranking Republican on the House Financial Services Committee, speaks at the Institute of International Bankers Washington Conference in Washington, D.C., U.S., on Monday, March 1, 2010. Bachus spoke about financial regulatory reform. Photographer: Brendan Hoffman/Bloomberg via Getty Images
Representative Spencer Bachus, the ranking Republican on the House Financial Services Committee, speaks at the Institute of International Bankers Washington Conference in Washington, D.C., U.S., on Monday, March 1, 2010. Bachus spoke about financial regulatory reform. Photographer: Brendan Hoffman/Bloomberg via Getty Images

Rep. Spencer Bachus (R-Ala.) will not seek reelection in 2014.

Bachus released a statement Monday announcing his plans, saying he feels it's time to "allow others to have the opportunity to serve." The Republican said his family was heavily involved in his decision.

Read his full statement below:

It has been the greatest privilege imaginable to serve as the representative of the people of Alabama in the United States House of Representatives. It is an honor that I never dreamed could have been possible for me and the words ‘thank you’ are far from adequate. But as Ecclesiastes 3 says, to everything there is a season and I feel in my heart that now is the time for me to announce this decision and allow others to have the opportunity to serve. This was a family decision, because my wife Linda, our five children, and our seven grandchildren have always been my biggest source of support, strength, and joy. Since I will continue to be the representative for the Sixth District until the end of my term, I do not consider today a ‘goodbye.’ There is much important work that remains to be done and what I would like to see above anything else before I leave is a spending reduction plan that will put the federal government on a sensible and sustainable financial path going forward.

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