Wisconsin Rep. Paul Ryan, the 2012 Republican vice presidential nominee, says he won’t make a bid for the White House in 2016.
 AP
"I have decided that I am not going to run for president in 2016," Ryan told NBC News Monday.
Ryan said he is “at peace” with the decision.
"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," Ryan told NBC.
Previously the House Budget Committee chairman, Ryan said he thinks he can now make a “big difference” as chair of the House Ways and Means Committee.
Regarding the other half of the 2012 Republican ticket, Ryan said: “It is no secret that I have always thought Mitt would make a great president. 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."
Romney last week told supporters he is considering a third presidential bid.
Washington Post reporter Robert Costa tweeted that Romney is likely in the 2016 race.