Paul Ryan boots GOP Rep. Chris Collins Off Committee
Paul Ryan boots GOP Rep. Chris Collins from House Energy and Commerce Committee after insider-trading indictment
House Speaker Paul Ryan on Wednesday booted Rep. Chris Collins, R-NY, 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.”
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.”
SOURCE ⇒ CNBC
