In the wake of the fiscal cliff legislation at the start of 2013, Frank stated that he was interested in the interim appointment that Governor Deval Patrick was expected to make to fill John Kerry's U.S. Senate seat once the latter resigned to serve as United States Secretary of State. Frank had initially said he was not interested in the seat, but went on to change his mind, noting that "that cliff deal now means that February, March, and April are going to be among the most important months in American financial history". He said he would not run in the special election that would be held to fill the seat for the remainder of Kerry's term.