House Speaker Paul Ryan shot down a rumor Monday that he might end up with the Republican nomination in the event of a brokered convention.

"No way, ain't gonna happen," Ryan told host Megyn Kelly late Monday.

With five GOP candidates remaining, it's possible the front-runner may not have enough support at the party's July convention to win the nomination. Experts have mulled over the chances of members dumping the current slate of candidates and picking Ryan, because one of his roles as a party leader would be presiding over a brokered convention.

"First of all, I think you should run for president if you're gonna be president ... I'm not running for president, I'm not gonna be president," Ryan said.

The former vice presidential running mate to Mitt Romney said Congress' plan to help the GOP win back the executive branch in November stems from his regrets on the campaign trail four years ago. Ryan reiterated initiatives the House will lay out in the spring to spur an "ideas contest" he believes will persuade voters to support Republicans at the polls this fall.

The main difference between Democratic and Republican ideas, Ryan said, is that one ideology works to reclaim a constitutional republic while the other continues toward becoming a progressive welfare state.

"The point in the House that we're trying to make is 'believe me we're frustrated, we see the country slipping,'" Ryan explained. "What we're trying to do is get a 1980 type of electon but for today's circusmtances and issues to get a mandate so we can fix this mess in 2017."