Rep. Jim Jordan’s decision to step down from the House Judiciary Committee gavel after this Congress, without seeking a term-limit waiver, has renewed speculation about a bid for Republican House leadership. Jordan has expanded fundraising across the conference, including moderates, and avoided recent internal disputes while publicly stressing focus on the November midterms rather than announcing intentions. With Speaker Mike Johnson’s position potentially vulnerable if Republicans lose their narrow majority, traders weigh Jordan’s conservative base and past leadership attempts against his unsuccessful prior bids and the lack of an explicit challenge. Election results and subsequent GOP caucus negotiations will likely determine whether he enters the race for Speaker or Minority Leader.