Joe DioGuardi, an accountant who hails from Westchester and has served two terms in the House Of Representatives from 1985-1989, made the announcement at a press conference at Grand Central Station. DioGuardi made clear his political platform will mainly focus on fiscal responsibility.
"Today, the economic sustainability of this nation is at a critical crossroads. The direction we choose will change the course of America's history," he said. "I understand the problems that led us down this path, but even more important, I understand what needs to happen to avoid the financial tsunami just emerging for all to see."
Among DioGuardi's many accomplishments, he most notably founded "Truth in Government,"a non-profit organization aimed at improving weak federal accounting and financial management practices. In addition, he penned a book entitled, "Unaccountable Congress. It Doesn't Add Up."
"As a first-generation American, I watched my parents build a better future through hard work, hope, and family cooperation," continued DioGuardi. I want to ensure the American dream doesn't fade for future generations; that's why I have dedicated my public career to fixing the problem and fighting for a financially secure America for our children and grandchildren."
Kara DioGuardi, best known for her role as one of the four judges on "American Idol," was not in attendance at Tuesday's press conference. However, he did say Kara fully supports his decision to run for the U.S. Senate.
"My daughter loves me. I'm sure she'll do everything possible ... to get me elected to the U.S. Senate," said DioGuardi.
Gillibrand was appointed to her U.S. Senate seat last year by New York Gov. David Paterson, in order to replace Hillary Clinton, who became U.S. Secretary of State under President Obama's cabinet.
Five other Republican contenders are vying to also replace Gillibrand in Senate -- including former Bear Stearns economist David Malpass and former Long Island lawmaker Bruce Blakeman
The primaries are slated to be held on September 14 and the election will be held November 2.