Rep. Jason Chaffetz (R-Utah) will leave Congress on June 30.
According to multiple press reports, Chaffetz has told his colleagues he will become a Fox News contributor upon his June 30 departure.
As committee chair, Mr. Chaffetz leads the House panel that investigates waste, fraud, abuse or mismanagement in the executive branch.
Chaffetz, whose term ends January 3, 2019, said will step down effective June 30.
In a statement, Chaffetz said that he had always meant for his time in Congress to be temporary, and that he's looking forward to spending more time with his family.
"[The investigation] could go on for years", said Chaffetz. It also occurs on the same day that Chaffetz appeared on NBC's "Today" and, when asked if President Donald Trump should have hired former national security adviser Michael Flynn, conceded that he "probably shouldn't have".
But, Chaffetz said no one particular investigation is enough to keep him in office, though he did say there were several investigations he wishes he could have finished.
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The next chairman of the Oversight and Government Reform Committee will have the task of holding the executive branch accountable at a time of internal upheaval within the White House.
The congressman also had some specific thoughts about his colleague, Rep. Maxine Waters (D-CA), who ominously - and without evidence - suggested that Chaffetz "has some connections to what is going on in the Ukraine and perhaps in Russian Federation itself", adding that "we need to keep an eye on him".
There was a similar response when Utahns were told delegates could nominate candidates faster while leaving the process up to all voters meant the replacement process would take longer.
The former kicker for the Mormon-owned Brigham Young University football team was first elected to the U.S. House of Representatives in 2008. "I knew from day one that my service there would not last forever", he wrote in a letter to constituents posted on his congressional website.
Sitting on his couch with his wife Julie and petting their dog, a Cavalier King Charles Spaniel named Ruby, Chaffetz said he had been stunned by two of his children's upcoming moves from Utah and the realization he and his wife would be empty-nesters soon.
Chaffetz has not ruled out a run for public office again at some point in the future.
None of the Republicans running for office should expect an endorsement from Chaffetz until a nominee has been selected, he said.