LEWISTON, Idaho -

U.S. Sen. Mike Crapo says he will seek re-election in 2016.

In making the announcement Friday in Lewiston, the 63-year-old Republican says he's committed to resolving a number of critical issues to the country.

The Lewiston Tribune reports that Crapo was elected to the Senate in 1998 to succeed Sen. Dirk Kempthorne. He is serving the fourth year of his third term and is ranked 39th in seniority in the Senate.

A member of the minority party in the Senate, Crapo is the ranking member of the Senate's Banking, Housing and Urban Affairs Committee, and serves on the Budget and Environment, Public Works, Indian Affairs and Finance committees.

There had been speculation by some political observers that Crapo would retire from the Senate after his current term.