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Robert Jenrick is the third Tory MP to announce his bid to become the next leader of the Conservative party after Tom Tugendhat submitted his papers.
The two contenders will challenge James Cleverly and other MPs hoping to replace the outgoing Rishi Sunak after the election defeat.
Mr Tugendhat, seen as a candidate from the moderate wing of the party, indicated he would be prepared to leave the European Convention on Human Rights (ECHR) if needed to regain control of UK borders.
Shadow home secretary Mr Cleverly is currently leading the leadership race with three endorsements from Tory MPs, including Gagan Mohindra, Peter Fortune and Simon Hoare.
Kemi Badenoch could be throwing her hat in the ring soon after her leadership website was spotted under maintenance.
Other former cabinet ministers expected to announce their bids include Priti Patel, Mel Stride and Suella Braverman.
The Conservative Party will appoint a new leader on 2 November and contenders have until Monday to win the support of the 10 MPs they need to make it onto the ballot paper.