Rep. John Delaney John DelaneyCoronavirus Report: The Hill's Steve Clemons interviews Rep. Rodney Davis Eurasia Group founder Ian Bremmer says Trump right on China but wrong on WHO; CDC issues new guidance for large gatherings The Hill's Coronavirus Report: Kansas City Mayor Quinton Lucas says country needs to rethink what 'policing' means; US cases surpass 2 million with no end to pandemic in sight MORE (D-Md.) announced on Friday that he will run for the White House in 2020.

In an op-ed published in The Washington Post, Delaney said he would not seek reelection to the House in 2018 and laid out his agenda.

Delaney called for an infrastructure overhaul, tax reform and increased investment in science and research.

"My focus is on preparing our country for the future. Technological innovation, automation and globalization are the most powerful forces in the world today," he wrote. "These forces have been enormously positive; they will continue to make life better, enhance productivity, solve some of the world’s most difficult problems and open societies."

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"Sadly, these forces will also eliminate certain jobs and require workers to learn new skills more quickly," he continued. "They will create security risks and strain our resources."

Delaney, a former healthcare financier who is serving his third term in the House, is the first Democrat to declare his candidacy for the party's 2020 presidential nomination.

He was previously said to be weighing a bid for Maryland governor.

Delaney has an estimated net worth of more than $90 million and has used his vast wealth in the past on his congressional races.