New York Dems Under Fire Over Ethics Committee report

WASHINGTON — New York Republican Rep. Chris Collins hit back at a report issued from the Congressional Ethics Committee Thursday that concluded there is “substantial reason to believe” the congressman engaged in insider trading and made moves to help a company that he is the largest shareholder in.

The House Ethics Committee stated it would extend its review of the issue under a procedure that does not place deadlines for additional public announcements and the committee seldom metes out punishments.

The New York Republican — the first member of Congress to endorse Donald Trump for president — slammed New York Democratic Rep. Louise Slaughter, a representative from a district near Collins’s, for launching the attack against him, calling her a “despicable human being.”

“Her discussion on IPO’s did not apply to companies overseas. That was her negligence in how she drafted it. But that’s how she did draft it. So in her report if they say did you invest in an IPO, a public IPO, the answer is no,” Collins told reporters Thursday.

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