Many businesses and leaders shared their reaction to Speaker Paul Ryan’s announcement that he will not seek re-election, including the Wisconsin Bankers Association.

"First and foremost, we would like to thank Paul for his service to this state and our nation over the past 20 years. He represented Wisconsin admirably during his entire tenure in the House, demonstrating remarkable leadership during difficult times. He was instrumental in providing stability and direction during the financial crisis, and his hard work and leadership were integral in passing recent tax reforms that provide much-needed relief to consumers and businesses. His ability to promote compromise and unity will certainly be missed in Washington. We wish Paul the best of luck in his future endeavors," said President/CEO of WBA Rose Oswald Poels in a statement released Wednesday.

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