Representative Kevin Brady of Texas, the top Republican on the House Ways and Means Committee, announced on Wednesday that he would retire from Congress at the end of this term after more than two decades in the House.

Mr. Brady, who first won his seat in the state’s Eighth Congressional district in 1996, is the latest seasoned lawmaker to announce his retirement in recent months.

“Is this because I’ve lost faith in a partisan Congress and the political system? Absolutely not,” Mr. Brady said in remarks announcing his departure at an economic conference. “In the end, I’ll leave Congress the way I entered it, with the absolute belief that we are a remarkable nation — the greatest in history.”

Mr. Brady is just the third Texan to lead the House Ways and Means Committee as chairman, overseeing the committee’s successful passage of the 2017 tax overhaul before Democrats won control of the House in 2018.

But should Republicans take back the House in 2022, Mr. Brady would not be allowed to take back the chairmanship because of term limits in the Republican conference.

“Did that factor into the decision? Yeah, some,” Mr. Brady acknowledged. But he said that the committee term limits ensured that a variety of members would be able to rise through the ranks of the conference, and he “remained confident in its future.”

The committee’s current chairman, Representative Richard E. Neal of Massachusetts, said that he and Mr. Brady’s relationship was predicated “on doing our best for this country we both love so dearly.”

“With the time he has left on the dais, I look forward to once again coming together and tackling the unfinished business of the committee, starting with overhauling our nation’s infrastructure,” Mr. Neal said. “He has left his mark on this great committee, and I wish him and his family all the best in what’s to come.”

Representative Filemón Vela, Democrat of Texas, has also announced his plans to retire at the end of the 117th Congress.

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