South Carolina Sen. Tim Scott plans to launch 2024 exploratory committee Wednesday

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Ranking member Sen. Tim Scott, R-S.C., speaks during the Senate Banking, Housing, and Urban Affairs Committee hearing on March 28, 2023.

Ranking member Sen. Tim Scott, R-S.C., speaks during the Senate Banking, Housing, and Urban Affairs Committee hearing on March 28, 2023.

Tom Williams/CQ-Roll Call, Inc./Getty Images/File

CNN —

Republican Sen. Tim Scott of South Carolina plans to launch an exploratory committee for president on Wednesday, according to a source familiar with his plans.

Scott is scheduled to hold events in Iowa on Wednesday.

The Post and Courier was first to report on the plans.

This story is breaking and will be updated.

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