Newt Gingrich, who told supporters earlier this month that he would run for president if he can raise $30 million in campaign contributions, told CNN; on Saturday that he will not be a candidate.

Gingrich, the former U.S. Speaker of the House who authored the Contract With America, has said that Republican voters don’t seem enamored by any of the current candidates, and was considering a run.

The New York Times; reported that Gingrich made his decision after his attorneys told him that making a run would preclude him from running his political action committee.

“The choice was to remain chairman of his political action committee, American Solutions, or to allow advisers to move forward with an exploratory committee. But he could not, legally, do both,” a Gingrich spokesman told the Times