House Speaker Nancy Pelosi says she will not seek a leadership role in the next Congress, after two decades spent leading House Democrats. Pelosi spoke from the House floor Thursday after midterm election results showed Republicans have won a narrow majority in the House of Representatives.

Speaker Nancy Pelosi: “I will not seek reelection to Democratic leadership in the next Congress. For me, the hour has come for a new generation to lead the Democratic caucus that I so deeply respect. And I’m grateful that so many are ready and willing to shoulder this awesome responsibility.”