Camp said in a statement that his decision “was reached after much consideration and discussion with my family. Serving in Congress is the great honor of my professional life. I am deeply grateful to the people of the 4th Congressional District for placing their trust in me. Over the years, their unwavering support has been a source of strength, purpose and inspiration. During the next nine months, I will redouble my efforts to grow our economy and expand opportunity for every American by fixing our broken tax code, permanently solving physician payments for seniors, strengthening the social safety net and finding new markets for U.S. goods and services.”

Camp’s retirement was expected by many inside the Capitol. The 60-year-old has served in Congress since 1991 and assumed control of the committee when Republicans retook control of the House in 2011. But his six-year term as top Republican on the panel is scheduled to conclude at the end of the year. He battled cancer last year and considered running for Michigan’s open U.S. Senate seat, but opted instead to put all his political and legislative muscle into the fight to overhaul the tax code.