"After much thought and several discussions with my family, friends and colleagues, I have decided that I will not be a candidate for U.S. Senate in 2014," Bass said in the statement. "Though I am confident that a strong Republican nominee will defeat Democrat Jeanne Shaheen next year, my current personal and professional responsibilities preclude my candidacy. I sincerely thank all who have called, emailed or encouraged me in person to run."
Bass added that this decision does not mean he is retiring from politics.
"I have worked hard over the years to support the New Hampshire Republican Party - recruiting candidates, raising funds, and generally cheering all other Republican candidates regardless of differences in views on particular issues," he said. "I will continue to do so, and will always work to support the principles of smaller government, less spending, lower taxes, free enterprise to create good jobs and a strong economy."
Bass was in Washington, D.C. last week meeting with GOP senators, which fueled speculation that he might run for Senate.
So far, former State Sen. Jim Rubens and conservative activist Karen Testerman are the only Republicans running for the seat now held by U.S. Sen. Jeanne Shaheen (D-NH).