Former House Speaker Paul Ryan starts new organization

MADISON, Wis. (AP) — Former House Speaker Paul Ryan has started a new nonprofit organization he says will be devoted to fighting poverty, increasing economic opportunities and advancing evidence-based public policies.

Ryan announced the start of the American Idea Foundation on Monday. He moved more than $7 million from his congressional account into the nonprofit group when he announced its formation earlier this year.

The foundation will be run out of Ryan’s hometown of Janesville. Ryan moved his family from Janesville to Maryland earlier this year.

Ryan decided against seeking re-election last year, ending his 20-year career in the House. The Republican from Janesville has mostly kept out of the public eye since then. Since leaving Congress he joined the board of directors of Fox Corporation and the faculty of the University of Notre Dame.