Paul Ryan Won't Run for President In 2016

January 12, 2015 4:50 PM EST

Former GOP vice presidential candidate Paul Ryan will not campaign for the top job in 2016, according to NBC.

The Wisconsin Congressman said he hopes to focus his energy on his powerful new role as House Ways and Means Committee Chairman.

“It is amazing the amount of encouragement I have gotten from people—from friends and supporters—but I feel like I am in a position to make a big difference where I am and I want to do that,” he told NBC, adding that it will be “bittersweet not being on the trail.”

Ryan said that there were “a number of very capable candidates” in his party who could win, but declined to endorse anyone in particular. He did express support for his former running mate, Mitt Romney, who has said he won’t run for a third time.

“It is no secret that I have always thought Mitt would make a great president,” said Ryan. “As for his plans for 2016, I don’t know what he is ultimately going to do and the last thing I want to do is get ahead of his own decision making process.”

See the 2016 Candidates Looking Very Presidential

Values Voters Summit — **Sen. Ted Cruz** is surrounded by stars and stripes at the 2014 Values Voter Summit in Washington, D.C. on September 26, 2014. Mark Peterson—Redux

USA - Hillary Clinton speaks at Iowa Senator Tom Harken'a annual Steak Fry — **Hillary Clinton** Hillary Clinton gazes pensively into the distance at Iowa Senator Tom Harken'a annual Steak Fry in Indianola, Iowa on September 14, 2014.Brooks Kraft—Corbis for TIME

**Jeb Bush** Former Florida Gov. Jeb Bush flashes a power watch before giving his keynote address at the National Summit on Education Reform in Washington on Nov. 20, 2014. Susan Walsh—AP

Sen. Bernie Sanders Launches Presidential Bid In Vermont — **Bernie Sanders** waves to supporters after officially announcing his candidacy for the U.S. presidency during an event at Waterfront Park in Burlington, Vermont, on May 26, 2015.Win McNamee—Getty Images

Political Theatre — **Chris Christie** New Jersey Governor Chris Christie strikes a presidential power stance at the ceremony for the opening of the 206 bypass in Hillsborough, New Jersey on October 28, 2013.Mark Peterson—Redux

Former Hewlett-Packard Co Chief Executive Officer Carly Fiorina listens to her introduction from the side of the stage at the Freedom Summit in Des Moines, Iowa on Jan. 24, 2015. Jim Young—Reuters

Georgia Senate Candidate David Perdue Campaigns With Sen. Rand Paul (R-KY) — **Rand Paul** Sen. Rand Paul works a crowd during a campaign stop on October 24, 2014 in McDonough, Georgia. Jessica McGowan—Getty Images

**Rick Perry** Texas Gov. Rick Perry looks powerfully patriotic during the National Anthem before an NCAA college football game on Nov. 27, 2014, in College Station, Texas.David J. Phillip—AP

**Bobby Jindal** Louisiana Gov. Bobby Jindal looks to the future during The Family Leadership Summit on Aug. 9, 2014, in Ames, Iowa. Charlie Neibergall—AP

**Martin O'Malley** Maryland Governor Martin OíMalley ponders decorating ideas in front of his possible future home on CBS's Face the Nation on Feb. 23, 2014. Chris Usher—AP

**Marco Rubio** Sen. Marco Rubio looks determined the morning after the State of the Union address in Washington, D.C. on January 29, 2014.Melissa Golden—Redux

**Ben Carson**Ben Carson at the Conservative Political Action Committee annual conference on March 8, 2014. Susan Walsh—AP

Barack Obama, Jim Webb — **Jim Webb** Retiring Sen. Jim Webb imitates the presidential wave during a rally in Virginia Beach, Va. on Sept. 27, 2012.Steve Helber—AP

John Kasich, Election — **John Kasich** Ohio Gov. John Kasich practices his presidential victory pose at the Ohio Republican Party celebration on Tuesday, Nov. 4, 2014, in Columbus, Ohio. Tony Dejak—AP

**Rick Santorum** Former Pennsylvania Senator Rick Santorum looks resolute at CPAC, the Conservative Political Action Conference on March 7, 2014. Brooks Kraft—Corbis

**Scott Walker** Wisconsin Republican Gov. Scott Walker practices the presidential point on March 3, 2014 in Milwaukee. Jeffrey Phelps—AP

**Mike Huckabee** Former Arkansas Gov. Mike Huckabee fine-tunes his presidential oratory at the Conservative Political Action Committee annual conference in National Harbor, Md. on March 7, 2014. Susan Walsh—AP

Former Rhode Island Governor Chafee poses for a selfie with a student after announcing he will seek the Democratic nomination to be U.S. president during an address to the GMU School of Policy, Government, and International Affairs in Arlington — **Lincoln Chafee**, Former Rhode Island Governor, poses for a selfie with a student after announcing he will seek the Democratic nomination for president in Arlington, Va. on June 3, 2015. Jonathan Ernst—Reuters

FILE: Lindsey Graham To Run For President — **Lindsey Graham** Lindsey Graham announced his plans to join the 2016 presidential race.Alex Wong—Getty Images

Former New York governor George Pataki listens to a question at the First in the Nation Republican Leadership Conference in Nashua, New Hampshire, in this April 17, 2015 file photo. Pataki on May 28, 2015 entered the race for the 2016 Republican presidential nomination, joining a crowded field of candidates vying to retake the White House for their party. REUTERS/Brian Snyder/Files — **George Pataki** Former New York governor George Pataki listens to a question at the First in the Nation Republican Leadership Conference in Nashua, New Hampshire, in this April 17, 2015 file photo.Brian Snyder—Reuters

Paul Ryan Won’t Run for President In 2016

See the 2016 Candidates Looking Very Presidential

More Must-Reads From TIME