To: Kenneth E. Phillipps who wrote (118503 ) 11/28/2011 11:22:31 AM From: TideGlider 2 Recommendations Respond to of 224749 Thanks for this great news!! Barney Frank Will Not Seek Reelection In 2012 AP/The Huffington Post First Posted: 11/28/11 09:49 AM ET Updated: 11/28/11 10:55 AM ET Barney Frank , Elections 2012 , Video , Barney Frank 2012 , Barney Frank Congress , Barney Frank Massachusetts , Barney Frank Redistricting , Barney Frank Reelection , Barney Frank Retirement , Frank , Frank Massachusetts , Frank Reelection , Frank Retirement , Politics News Rep. Barney Frank (D-Mass.) will not seek reelection in 2012, according to WBZ News Radio. CNN has confirmed the news with the Democratic congressman's office. Frank will address his decision to forgo running for another term at a press conference at 1 p.m. ET in his home state. The Boston Globe reports that according to a close adviser to Frank, the new congressional district in which the Massachusetts Democrat would have run to represent was a big factor in his decision to retire. While it retained his Newton stronghold, it was revised to encompass more conservative towns while Frank also lost New Bedford, a blue-collar city where had invested a lot of time and become a leading figure in the region’s fisheries debate. Frank was first elected to the U.S. House of Representatives in 1980. He was one of the first lawmakers to announce publicly that he is gay. Frank is the ranking Democrat on the House Financial Services Committee. As chairman, he helped shepherd to passage legislation that provided the most extensive overhaul of the nation's financial system in decades. The measure was a response to the near collapse of the banking industry in 2008 and disclosures about Wall Street practices that stirred mass anger. huffingtonpost.com