Rep. Eric Swalwell is dropping out of the 2020 Democratic presidential race, according to a report on Monday.

The California lawmaker will hold a news conference in the afternoon to announce that he’s exiting the race and will run for a fifth House term, the Los Angeles Times reported.

Swalwell recently canceled campaign events scheduled in New Hampshire on July 3-4.

In an interview last month, Swalwell, 38, said he would give himself the month of June to campaign before making a decision about his future.

“We need this field to start shrinking so candidates can distinguish themselves. I hope to be part of the field as it shrinks. If I don’t, I’m going to be realistic about my options,” he told The Hill.

He participated in the first Democratic primary debate aired on NBC last month, but he was in jeopardy of failing to meet all of the criteria to be included in the second round of debates on CNN later this month.