RJ and Makay

Rep. Barney Frank (D-Mass.), the ranking member of the House Financial Services Committee and co-author of the Dodd-Frank financial reform legislation, announced Monday that he will not seek re-election in 2012 and will retire from Congress at the end of next year.  Frank stated that congressional redistricting was the main reason behind not seeking another term in office.

Frank acknowledged that redistricting would make for a “tough” re-election bid and bring a whole new set of constituents, effectively taking him away from serving his current constituents and protecting financial reform.