National Rifle Association President Oliver North announced Saturday that he will not serve a second term.

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An NRA board member read a statement from North to members of the group, in which he announced that he wouldn't be renominated, and recommended the group form a committee to review the NRA's finances, The Associated Press reported.

North said there is a "clear crisis" that could threaten the gun rights group's nonprofit status, The Wall Street Journal reported.

North’s term ends Monday.

The Associated Press contributed to this report.

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Senate Majority Leader John Thune, R-S.D. (center) is flanked by GOP whip Sen. John Barrasso, R-Wyo. (left) and Finance Committee Chairman Mike Crapo, R-Idaho, as Thune speak to reporters at the Capitol in Washington on Tuesday, July 1, 2025. Earlier Tuesday, the Senate passed the budget reconciliation package of President Donald Trump's signature bill of big tax breaks and spending cuts. (J. Scott Applewhite/AP)

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