Rep. Patrick McHenry, R-N.C., announced Tuesday that he will not seek re-election in 2024, shocking many of his colleagues. McHenry has served in Congress since 2005 and is the longest-serving Republican from North Carolina, recently gaining national attention when he became the first House Speaker pro tempore in history to be removed in a no-confidence vote. His retirement will further thin the ranks of Republican institutionalists in Congress, leaving many of his colleagues unsure of who will take his place and fill the role of chair of the House Financial Services Committee.