Democratic Senatorial Campaign Committee Chairman Charles Schumer (N.Y.) officially said Monday that he will not seek an unprecedented third term as his party’s Senate campaign chief, an announcement that had been expected.

Schumer told the Associated Press that he has had “a great run” but that now the time has come to devote his time and energy to legislating.

Schumer served as DSCC chairman for the 2006 and 2008 election cycles, as Democrats picked up at least 13 seats. Two Senate races from the 2008 cycle remain outstanding: Minnesota and Georgia.

Sen. Bob Menendez (N.J.), who currently serves as the vice chairman of the DSCC, is widely viewed as Schumer’s heir apparent at the committee. The appointment will ultimately be made by Senate Majority Leader Harry Reid (D-Nev.).

Had Schumer stayed for another term he would have faced running for re-election while also running the campaign committee, something that has historically not been done.