By Scott Wong - 09/28/15 10:38 AM EDT
Conservative Rep. Jeb Hensarling (R-Texas), chairman of the powerful Financial Services Committee, won't run for leadership, a senior GOP source said Monday.
Hensarling will pass on a bid for both Speaker and majority leader following Ohio Republican John BoehnerJohn BoehnerRepublican Study Committee elders back Harris for chairman Dems to GOP: Help us fix ObamaCare The disorderly order of presidential succession MORE's surprise announcement Friday that he would relinquish the Speaker's gavel and step down from Congress on Oct. 30.
He will instead back a fellow conservative, Budget Chairman Tom Price (R-Ga.) in the race for majority leader, the No. 2 job, according to a senior GOP lawmaker who received a call from Hensarling over the weekend.
"He's not running for anything, it seems," said a second GOP lawmaker.
A spokeswoman for Hensarling confirmed the news after the story was posted.
"After prayerful consideration, Chairman Hensarling is not a candidate for a leadership position," the spokeswoman said in an email. "He will support Chairman Price for majority leader."
Hensarling passed on a leadership bid as recently as last year, ultimately deciding not to challenge Rep. Kevin McCarthy (R-Calif.) in the race for the No. 2 job after then-Majority Leader Eric CantorEric CantorRyan seeks to avoid Boehner fate on omnibus GOPers fear trillion-dollar vote is inevitable Insiders dominate year of the outsider MORE (R-Va.) was ousted from office in his GOP primary.
Hensarling's decision makes next month's majority leader race a three-way contest between Price, Majority Whip Steve Scalise (R-La.) and GOP Conference Chairwoman Cathy McMorris RodgersCathy McMorris RodgersIvanka sells Trump childcare to Capitol Hill Ivanka Trump to meet with lawmakers on Capitol Hill Trump calls congresswoman to stage at child care policy speech MORE (R-Wash.), the only woman running so far for a top-tier leadership post.
Current Majority Leader Kevin McCarthy (R-Calif.) is the heavy favorite over Rep. Daniel Webster (R-Fla.) in the race to replace BoehnerJohn BoehnerRepublican Study Committee elders back Harris for chairman Dems to GOP: Help us fix ObamaCare The disorderly order of presidential succession MORE.