August 08, 2018 12:05 PM
House Speaker Paul Ryan on Wednesday booted Rep. Chris Collins from the House Energy and Commerce Committee pending the outcome of a probe of allegations of insider-trading on a drug-company stock.
Ryan, R-Wisc., announced Collins' removal shortly before federal prosecutors in New York City were set to discuss an indictment against Collins.
"While his guilt or innocence is a question for the courts to settle, the allegations against Rep. Collins demand a prompt and thorough investigation by the House Ethics Committee," Ryan said in a prepared statement.
"Insider trading is a clear violation of the public trust. Until this matter is settled, Rep. Collins will no longer be serving on the House Energy and Commerce Committee."
Collins was the first member of Congress to endorse the presidential candidacy of Donald Trump. After Trump won, Collins was appointed to the executive committee of Trump's transition team.
House Democratic leader Nancy Pelosi said, "The charges against Congressman Collins show the rampant culture of corruption and self-enrichment among Republicans in Washington today. The Ethics Committee must accelerate its own investigation into Congressman Collins' illegal abuse of the public trust."
""The American people deserve better than the GOP's corruption, cronyism, and incompetence. Delivering A Better Deal for hard-working families means enacting tougher ethics laws to crack down on the self-dealing that has metastasized under the GOP Congress and the Trump Administration," said Pelosi.
Updated: August 08, 2018 12:05 PM
Created: August 08, 2018 11:58 AM
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