Rep. Mike Pence (R-Ind.), a top GOP leader in the House, said he will decide after Jan. 1 whether to run for president.

Pence announced last week he would not seek reelection as chairman of the House Republican Conference, prompting speculation he might be considering a run for president.

Asked on ABC’s “This Week” whether he would run, Pence said: “Well, look, we've been very humbled by the encouragement we've received back in Indiana and around the country. … And after the first of the year, we'll make a decision.”

In a straw poll at the socially conservative Values Voter Summit earlier this year, Pence came on top of a list of potential Republican nominees in 2012.