In a speech alongside his family in Bethlehem, Pa., Toomey said his decision was personal rather than political, noting that he would have served 18 years in Congress and “a lot of time away from home.” The senator said he would serve the remainder of his term before returning to the private sector.
Toomey, 58, said he gets “almost daily” calls from people wanting to help him run for office in 2022. The senator, the state’s only Republican official outside the courts, said that he wanted to be “frank” with them and the public once he made his decision. His announcement will give Republicans at the federal and state levels ample time to reflect and campaign.
In response to a question, Toomey argued that if he had decided to run for office in 2022, he would have won again.
Toomey won his first home race in 1998 and was reelected twice. He went on to become the leader of the Club for Growth before running for the Senate in 2010. He narrowly won that race and his candidacy for re-election in 2016, after waiting until election day to announce that he would vote for. Republican presidential candidate Donald Trump.
The fiscal conservative sits on banking, budget and finance committees and said on Monday he hopes to become chairman of the banking panel after the November election. He said he was proud of his work on other issues, including tax reform, regulatory relief, trade policy and tackling the opioid crisis. He said he wanted to see the United States conclude free trade agreements with the United Kingdom, the European Union and many countries in Asia, and work on overhauling the federal housing finance system.
Democrats hope to retake the Senate in 2020. If they fail, the 2022 races will also give them a top-notch opportunity as 22 Republican senators will defend their seats against a dozen Democrats. Like Toomey, Republican Senator Richard Burr of North Carolina has previously said he will not stand for re-election in 2022.