The chairman of the House Financial Services subcommittee on monetary policy has decided not to seek re-election.

Rep. John Campbell, R.-Calif., will retire when his term ends next year, he announced Thursday. He has represented Orange County since 2005.

Campbell, 57, did not specify his post-retirement plans, only that he "will continue the fight for more freedom and a less authoritarian government as a private citizen rather than elected official."

Campbell was named the first chairman of the newly created House Financial Services subcommittee on monetary policy and trade in December 2012. He is also a member of the subcommittee on financial institutions and consumer credit.

In April, Campbell opposed the Consumer Financial Protection Bureau's fair-lending guidance on car loans, arguing that the rule amounts to racial profiling. He has also pressed for less regulation of community banks.

Before joining Congress, Campbell spent nearly a quarter-century in the automotive industry, heading several Orange County car dealerships. His statement Thursday alludes to his automotive background: "Drive fast and live free," it concludes.

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