Rep. Tom Reed announced he is stepping down from his House seat effective at the end of Tuesday.

The New York Republican, who joined the House in November 2010 after winning a special election in his western New York district, is co-founder of the bipartisan Problem Solvers Caucus. Reed is expected to take a position with Prime Policy Group, a Washington, D.C.-based lobbying and public affairs firm.

“Mr. Speaker, after almost 12 years in Congress, today is my last day. It has been an honor to serve with you all from both parties," Reed said in a House floor speech. "I love this institution, as it still exemplifies what is best about our government. We are the people's House. I am proud that we put people before politics. There's much more to do. I'm leaving to continue that work and hope to have a greater impact on our country.”

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Reed thanked his constituents and called for lawmakers in both parties to come together for the greater good of the country. Reed went on to thank his family and his constituents for their support during his time in office.

“I want to thank my family. Without their love and support, I am nothing, and I thank the people who worked for us and helped so many — I am grateful. My most profound appreciation is for the people of western New York,” he said.

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Reed's resignation leaves a coveted seat on the powerful House Committee on Ways and Means open.

The New York congressman was slated to retire at the end of his term following accusations of sexual harassment.

The initial New York redistricting maps that have been rejected by the courts looked to divide Reed’s seat into neighboring districts.

Reed is the second New York lawmaker to announce they are stepping down earlier than expected from their seat in recent weeks, with Rep. Antonio Delgado (D-NY) soon to vacate his seat after being tapped to serve as lieutenant governor of the state.