"I look forward to campaigning hard in this race, meeting Californians where they are, and listening to what they want from their next Senator. I hope to earn their votes and their trust," Schiff, who represents the 30th Congressional District, said in a statement announcing his run.
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Schiff is the second prominent Democratic member of Congress from California to announce candidacy for the U.S. Senate. Rep. Katie Porter announced her candidacy for the U.S. Senate last week.
Schiff, 62, is in his 11th term in the House of Representatives. He was first elected to Congress in 2001. His congressional district includes parts of Burbank, Glendale, Pasadena and West Hollywood.
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He is running for the Senate seat Feinstein has held since 1992. Though she has filed 2024 reelection paperwork with the FEC, Feinstein, 89, has not yet announced whether she plans to seek a sixth full term next year and has faced criticism over her fitness for the job.
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Feinstein on Wednesday told CNN that she'll make a decision about whether to run "probably in a couple of months," and mentioned taking time after the death of her husband.
"Oh, I think it's fine. I think people should if they want to run, run. For me, I just need a little bit more time," she said.
Schiff's announcement comes a day after he was removed by Kevin McCarthy, the Speaker of the House, from the House Intelligence Committee. Schiff was previously the chair of the committee.
"I look forward to campaigning hard in this race, meeting Californians where they are, and listening to what they want from their next Senator," Schiff said. "I hope to earn their votes and their trust."
The CNN Wire contributed to this report.