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Rep. Collins being reviewed by House Committee on Ethics

Rep. Collins being reviewed by House Committee on Ethics”

According to the Buffalo News, which has covered the allegations against Collins extensively, the House Ethics Committee confirmed it will be continuing its investigation into Collins' alleged actions. That could have violated House rules that bar lawmakers from taking official actions that would benefit an entity in which they have a significant financial interest.

In response to the Ethics Office's findings, Collins released the following statement. He said the Ethics Committee should reject those charges without further investigation.

Collins serves in an uncompensated role as a board member of Innate and is the company's largest stockholder.

Members are prohibited from trading stocks using insider information under a law enacted in 2012.

Collins' attorneys argue this House Committee investigation is spurred by a personal vendetta by Rep. Louise Slaughter.

The Office of Congressional Ethics recommended on Thursday that one of Trump's biggest supporters in Congress, Rep. Chris Collins (R-NY) be investigated for insider trading.

"He put his obsession to enrich himself before the people he swore to represent", said Slaughter, a Fairport Democrat who authored the STOCK Act, the law that Collins may have violated.

The report was published Thursday by the House Ethics Committee pursuant to House rules requiring its public release. But the Office of Congressional Ethics (OCE) started probing in March whether Collins overstepped bounds in his advocacy for the firm and corroborated some allegations in July. The meeting between Innate and the NIH, they added, was routine and in line with the agency's mission of supporting medical research and communicating health sciences information.

The report also found that Collins on several occasions gave potential investors details on Innate's drug trials that were not available in the company's public filings.

OCE identified multiple instances in which Collins provided updates to USA investors regarding clinical trials and a private placement offering.

Price did not cooperate with the OCE probe, according to the report. "It is a disgrace to Congress and to his constituents, who deserve better".

Recommendations have been made to issue subpoenas to ten individuals regarding this case, including former Secretary of Health and Human Services Tom Price. The official then invited Collins for a visit. Yet Collins told OCE that he went to the NIH as a private citizen and described the visit as a "tour", a "high school field trip", and like going "to the Smithsonian".

Turn 27 Blue, a coalition comprised of the eight Democratic Party chairs in Collins' congressional district and other grassroots groups founded for the objective of getting a Democrat elected to the 27 Congressional district, said in a statement Thursday that the Ethics Office report "makes it absolutely clear that the voters of New York's 27th district deserve better from their member of Congress". That led to Innate's chief scientific officer meeting with the NIH.



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