Rep. Chris Collins has been removed from the House Energy and Commerce Committee by House Speaker Paul Ryan, Ryan said in a statement on his website.
“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. Insider trading is a clear violation of the public trust. Until this matter is settled, Rep. Collins will not be serving on the House Energy and Commerce Committee.”
The House Ethics Committee has already investigated Collins for his relationship with Australian biotech company, Innate Immunotherapeutics. The committee said in report released in October that there was "a substantial reason to believe" that Collins violated federal law by touting the stock of an obscure Australian biotech firm based on inside information, while also possibly breaking House ethics rules by persuading National Institutes of Health officials to meet with a staffer from that company.
— Sarah Mimms (@SarahMMimms) August 8, 2018