Read: Paul Ryan’s announcement that he will retire from the House

House Speaker Paul Ryan is retiring. The Republican leader announced on Wednesday that he will leave office next year.

After telling his colleagues about his decision in a private meeting, he came out and made the announcement to the press.

“This has been one of the two greatest honors of my life. The job provides incredible opportunities, but the truth is it’s easy for it to take over everything in your life, and you can’t just let that happen because there are other things in life that can be fleeting, as well,” Ryan said. “Namely, your time as a husband and a dad, which is the other great honor of my life. Now that’s why today I am announcing that this year will be my last one as a member of the House.”

You can read Ryan’s full statement below.

Good morning. I wanted to share with you a little of what I just told my colleagues a few minutes ago. You realize something when you take this job: It’s a big job with a lot riding on you, and you feel it, but you also know this is a job that does not last forever. You realize that you hold the office for just a small part of our history so you better make the most of it. It’s fleeting, and that inspires you to do big things, and on that score, I think we have achieved a heck of a lot.

You all know that I did not seek this job. I took it reluctantly, but I have given this job everything that I have, and I have no regrets whatsoever for having accepted this responsibility. This has been one of the two greatest honors of my life. The job provides incredible opportunities, but the truth is it’s easy for it to take over everything in your life, and you can’t just let that happen because there are other things in life that can be fleeting, as well. Namely, your time as a husband and a dad, which is the other great honor of my life.

Now that’s why today I am announcing that this year will be my last one as a member of the House. To be clear, I am not resigning. I intend to serve my full term, as I was elected to do, but I will be retiring in January leaving this majority in good hands with what I believe is a very bright future. It’s almost hard to believe, but I have been a member of Congress for almost two decades. This is my 20th year in Congress. My kids weren’t even born when I was first elected. Our oldest was 13 years old when I became speaker. Now all three of our kids are teenagers, and one thing I’ve learned about teenagers is their idea of an ideal weekend is not necessarily to spend all of their time with their parents.

What I realize is if I am here for one more term, my kids will only have ever known me as a weekend dad. I just can’t let that happen. So I will be setting new priorities in my life, and I will also be leaving incredibly proud of what we have accomplished. Some of you know my story. My dad died when I was 16, the age my daughter is, and I just don’t want to be one of those people looking back at my life thinking I wish I’d spent more time with my kids. if I spend another term they will only know me as a weekend father. I am very proud of what we’ve been able to do. When I took this job, one of my conditions was that we aim high, that we do big things, that we fashion an agenda, that we run on that agenda, that we win an election, and we execute that agenda.

I am so proud that that is exactly what we have done and what we are doing right now. We’ve accomplished so much since then. Probably the two biggest achievements for me are, first, the major reform of our tax code for the first time in 36 years, which has already been a huge success for this country, and that’s something I’ve been working on in my entire adult life. Something I’ve focused on since becoming speaker is to rebuild our nation’s military, and after addressing our military readiness crisis, that was a top priority we got done last year as well. These I see as lasting victories that will make this country more prosperous and more secure for decades to come.

There are so many other things that we have gotten done, and of course, I’m going to look back proudly on my days in the Budget Committee and the Ways and Means Committee, but I don’t want to be too sentimental here. I want to be clear. I’m not done yet, and I intend to run to the tape and finish the year. Some of you wonder why I can’t do the normal politician thing, which is to run and then retire after the election. That is what I am told is the politically shrewd thing to do.

I considered that, but just as my conscience is what got me to take this job in the first place, my conscience could not handle going out that way. I pledged to serve the people of Wisconsin’s First District honorably, and in order to serve the people in my district honorably, I have to serve them honestly, and for me to ask them to vote to reelect me knowing that I wasn’t going to stay is not being honest, so I simply cannot do that. So that’s why I am announcing this today.

Again, I am proud of what this Congress has achieved, and I believe its future is bright. The economy is strong, we’ve given Americans greater confidence in their lives, and I have every confidence that I’ll be handing this gavel on to the next Republican speaker of the House next year. So just to close, I said earlier that I didn’t want this job at first, and most of you know this. I really actually didn’t, but I have to thank my colleagues for giving me this opportunity and this honor.

I am really grateful for it. I also want to thank the people of southern Wisconsin for placing their trust in me as their representative for the past 20 years. I’ve tried to bring as much Wisconsin to Washington as I can in that time. It’s been a wild ride, but it’s been a journey well worth taking to be able to do my part to strengthen the American idea. That pursuit is never-ending, much work remains, but I like to think I’ve done my little part in history to set us on a better course. Thank you.

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