Rep. Paul Ryan (R-Wis.) has officially been elected as the 54th Speaker of the House after he received a 236 majority vote in the House of Representatives.

The vote was mostly a formality, however, as Ryan declared last week he wouldn't run if House Republicans didn't show unity and support him. House Republicans accepted his terms and nominated him for the position on Wednesday, according to CNN.

Once Ryan's oath of office is administered, John Boehner is expected to submit his letters of resignation to Ohio Gov. John Kasich and Ryan, informing them he will resign from his seat at 11:59 p.m. Oct. 31.

In an exit interview with NPR's Susan Davis, outgoing speaker Boehner praised Ryan, calling him "the right person to lead our team at this time."

"He's an innovative thinker who's focused on giving more Americans more opportunity to achieve the American dream, and I think he's got the skill set to do this job and frankly I'm very confident he'll do it well," Boehner continued.

Ryan is expected to have an easier time building bridges within the House GOP after the House and Senate leadership, along with President Obama, reached a two-year agreement on the budget and debt ceiling earlier this week which passed in the House on Wednesday, according to CNN.

Though three House Republican conferences did support Ryan it remains to been if that signals true unity.

At the very least, Ryan believes it does and expects the House GOP to follow through on its promise. Speaking to reporters Wednesday, he said, "We are turning the page. We are not going to have a House that looked like it looked the last few years."