(CNN) North Carolina Republican Rep. George Holding announced Friday that he will not seek reelection, saying in a statement that "newly redrawn congressional districts were part of the reason" for his decision.

Holding, who represents the state's second congressional district, has served in Congress since 2013 and is a member of the House Budget, Ethics and Ways and Means committees.

But, according to the Raleigh, North Carolina-based newspaper The News & Observer , Holding's GOP-leaning House district was redrawn into a district that now leans Democratic and the congressman had ruled out the possibility of challenging another Republican incumbent in 2020 to win reelection.

In a statement on Friday, Holding said it has been "gratifying to work for the ideals and values that I, like many other Americans, believe in," and it is "with regret that I announce I will not be a candidate for Congress this election."

"I should add, candidly, that yes, the newly redrawn congressional districts were part of the reason I have decided not to seek reelection," Holding said.