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Rep. Patrick McHenry (R-N.C.) won’t be seeking reelection, according to two people familiar with the matter.

The departure of the House Financial Services Committee chief, expected to become formal as early as Tuesday, is one of the most high-profile congressional GOP retirements this year. McHenry went from conservative rabble-rouser to a well-liked lieutenant of former Speaker Kevin McCarthy — and he later served as acting speaker during the frenetic three-week search for a replacement following McCarthy’s ouster.

McHenry is known on the Hill for his policy chops and his bow ties.