"Today ends our presidential candidacy, but it is the beginning of an opportunity in Congress for a new perspective.to bring that promise of America to all Americans", Swalwell said at a conference in Dublin.
Eric Swalwell said he will seek another term in the House by campaigning to end gun violence, fight climate change, and address student loan debt, the same issues he hoped would make him the favorite millennial in a crowded Democratic field.
"I used to think that, too", Swalwell responded, "until I saw the Parkland generation and the Moms Demand Action and the Giffords Group and the March for Our Lives, go to the ballot box this last election and they beat 17 candidates NRA-endorsed members of Congress".
He said at a press conference at his California campaign headquarters that he did not see a way for his campaign to continue to meet fundraising and polling thresholds to qualify for debates. Last month, he put forward a comprehensive gun control plan that included a national firearms registry, a federal ban on magazines that hold over 10 rounds, background checks on all ammunition purchases, a federal ban on armed schoolteachers, and a ban on online ammo sales. Bernie Sanders and Kamala Harris. "Joe Biden", Swalwell added as the crowd gasped.
"Communities across America who've been stricken by mass shootings, now know that at least three of the front-runners support this idea that these weapons of war do not belong in our community", he said.
"We need a candidate to be tested, I'll tell you that much", he said, "Because a Donald Trump is the best political puncher ever".
Swalwell has languished for months near the bottom of the polls.
Swalwell declined to endorse a candidate in the primary, though he joked about supporting U.S. Women's Soccer Team Co-Captain Megan Rapinoe, should she decide to run.
Swalwell had sent mixed signals on his intention to run again if his White House bid failed.
The 37-year-old Congressman launched his campaign this past April.
The high point of his campaign was likely his direct and blunt challenge to former Vice President Joe Biden, the race's frontrunner, during the late June debates, where the California Democrat noted that he was six years old when "a presidential candidate came to the California Democratic convention and said it's time to pass the torch to a new generation of Americans".