NEWTON, Mass. (AP) — Democratic Rep. Barney Frank of Massachusetts announced his retirement Monday effective at the end of next year, closing out a congressional career of more than three decades capped by passage of legislation imposing new regulations on Wall Street.

Frank, 71 and a lifelong liberal, won a House seat in 1980 and was one of the first lawmakers to announce that he is gay.

At a news conference, Frank said he had originally intended to seek one more term but changed his mind in part because the state's new redistricting map will move 325,000 new constituents into his district.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.