Richard Burr to resign as chairman of Intelligence Committee

Richard Burr to resign as chairman of Intelligence Committee
Richard Burr to resign as chairman of Intelligence Committee

Republican Senator Richard Burr of North Carolina stepped in as chairman of the influential Senate Intelligence Committee, while under investigation for stock market operations he conducted before the coronovirus epidemic market downturn.

Senate Majority Leader Mitch McConnell said in a statement Thursday that Burr "contacted me this morning to inform him of his decision to step down as chairman of the Intelligence Committee during the investigation." McConnell said Bure's resignation as president would take effect at the end of the day on Friday.

Boor's decision to resign as president is a surprising development for the North Carolina Republican, who led the Senate Intelligence Committee in Russian electoral intervention that is about to be completed and the intelligence community confirmed that Russian President Donald Trump's candidacy Were trying to help.

Shortly after McConnell's announcement, Burr told reporters that he is stepping down as chairman of Wisdom because "it is a distraction for the hard work of the committee and members, and I think any distraction for the country" is." Safety is very important. "

Boor said that he has been cooperating with investigators since the beginning and that he will allow the investigation to develop. Barr has not thought about resigning from the Senate, he said, and does not believe he made a poor decision with his stock trading. He will remain a member of the Intelligence Committee.

A senior judicial department official told CNN that Burr was being released after the FBI issued a search warrant to his lawyer. The official said the use of the search warrant was signed at the highest levels of the Department of Justice.

The Los Angeles Times first reported the order.

McConnell did not announce who would replace Burr at the top of the Intelligence Committee. Major Senate member John Thune said Republican Senator Marco Rubio of Florida, a member of the panel, could become acting president. Idaho's Senate Foreign Minister Jim Risch has in the past, but Thune said he is "skeptical" that Risch wants to resign from the post.

Thune said that Boer "did whatever he thought was good for the conference", but Boer wanted his day in court.

Senator Mark Warner of Virginia, the committee's top Democrat, declined to comment on Bure's resignation, but said he "warned him."

Burr said he told his decision at his closed-door Republican Senate conference on Thursday that he did not want to be distracted.

"He was supported," said Senator Mike Rounds of South Dakota.

Burr sold up to $ 1.7 million in shares in a single day

Burr was attacked in March when it was first revealed that he and his wife made about three dozen stock transactions between $ 628,000 and $ 1.7 million in one day on February 13, according to Senate documents. Which represents a significant part of its stock portfolio.

As chairman of the Senate Intelligence Committee, Burr received classified reports regarding coronovirus outbreaks as well as close-door reports that all senators had virus outbreaks.

Boor has stated that it operates exchanges using only publicly available information, not classified reports. But he asked the Senate Ethics Committee to review the sale in March.

Congress passed the Share Act in 2012, which explicitly made it illegal for members of Congress to trade shares with inside information. There is no public evidence that Burr has violated the law or violated Senate rules.

In addition to the exchange Burr made on February 13, Gerald Foote, the senator's brother-in-law, sold six shares for $ 97,000 and $ 280,000, similar to Burr. Foot is a member of the National Arbitration Board, which deals with the air and rail trade.

Barr's lawyer, Alice Fisher, said last week that Burr had not coordinated her exchange with Futhill.

"From the beginning, Senator Burr has focused on a fair and thorough review of the facts in the case, which would establish that his action was appropriate," Fisher said in a statement on Thursday.

Boor is one of several senators who were investigated for their exchange in the market and in January and February after the Kovid-19 epidemic forced the economy and economy to shut down. CNN reported in March that the FBI and the Securities and Exchange Commission contacted Burr as part of a review of the MP's offices.

Her spokesperson said Senator Diane Feinstein, a California Democrat, was contacted by the FBI in January and March about her husband's sale to a biotech company. Finstein, who publicly stated that she had no involvement in her husband's stock trade, was asked basic questions about the transaction by police and provided additional spokespeople to demonstrate that she was not involved, her According to the spokesperson.

Feinstein said that he never had any conversation with the FBI and did not hear any of them even after answering his questions. "I'm absolutely clear," she said of how she kept herself apart from her husband's business. "I don't even know, we don't argue."

Senator Kelly Loeffler, a Georgia Republican who was appointed to her Senate seat late last year, also faced public scrutiny over her and her husband, Jeffrey Sprecher, chairman of the New York Stock Exchange. , He did in January and February. Loeffler, who is running for this year's reunion, said he was not involved in the exchanges conducted by a financial advisor. She and her husband announced in April that they were selling their individual shares so that they would not be distracted amid the epidemic.

Asked if the FBI contacted Loeffler, a Loeffel spokesman said: "No search warrant has been filed against Sen. Loeffler. He has followed the letter and the spirit of the law and will continue to do so. "

"It's too bad," Trump says.

When Burr's operations became public in March, calls for Carolina Republicans came not only from vigilante groups, but also from the president's conservative allies, such as Rep. Matt Getz of Florida. Trump's allies are still unhappy with Burr for issuing a subfield to Donald Trump Jr. last year under the committee's Russia investigation. They also disagree with the committee's bipartisan conclusion that the intelligence community's assessment was strong that Russia was trying to help Trump win in 2016.

Trump told reporters on Thursday that he had not yet heard of the news that Boor was resigning. "It's too bad," he said.

Asked if he discussed the investigation with the Department of Justice or anyone else, Trump said, "I didn't know anything about it, nothing about it. No, I've never heard of anyone about it. Didn't ask. I didn't discuss. "

Asked on Thursday whether he believed this was the goal of his work on the Intelligence Committee, Burr said: "I am not going to comment on the investigation, you have to ask them about the investigation."

Meanwhile, Republican senators reacted cautiously to the news of the FBI bureau's search warrant, saying the investigation should be pursued.

He said, "You have the right to infer innocence like anyone else, and I know that you have asked the Ethics Committee to investigate as well. So the best I can say is that you make the right effort for the Senate Have been. "Led by Sen. John Cornyn, Texas Republican Senate.

Burr, North Carolina Republican Senator Thom Tillis, who is running for reunification in 2020, refused to consider whether Burr should remain president in a radio interview before resigning.

"I think," Tillis said in an interview with a conservative radio host, as I said that before he was giving us an explanation and I knew for a fact that an investigation was underway, we just had to It has to be seen where the investigation ends. Hugh Hewitt

In March, the Bure Exchange led North Carolina Republicans to resign from conservative allies of the president, such as Rep. Matt Getz of Florida. Trump's allies are still unhappy with Burr for issuing a subfield to Donald Trump Jr. last year under the committee's Russia investigation.

Republican Senate convention rules state that presidents should resign if they are charged, but the rules do not refer to senators who are under investigation.

Senator Bob Menendez, a Democrat in New Jersey, resigned as a senior member of the Senate Foreign Relations Committee in 2015 after being sentenced. He returned to that position in 2018 after the Department of Justice dropped corruption charges against him.

Menendez was quoted as telling a journalist that Bure was stepping aside, telling reporters on Thursday that Burr had made a "good decision" at this time, calling a separate "proper" call as president of intelligence Has established. "

Senate top Democrat Chuck Schumer said on CNBC on Thursday that it was "premature" for him to comment on Boor's investigation.

Schumer said, "I have no action. I told my colleagues in the Senate that it makes at least one conflict appearance, so there should be none of it. But I can't comment on Burr unless I do not know the details. "

This story has been updated to include additional background information and feedback.

Post a Comment