Congressman may have broken law with biotech he held, watchdog says

Congressman may have broken law with biotech he held, watchdog says

The Committee notes that the mere fact of conducting further review of a referral, and any mandatory disclosure of such further review, does not itself indicate that any violation has occurred, or reflect any judgment on behalf of the Committee.

The House Ethics Committee said it was extending a review into the matter.

The OCE's board recommended the committee further review the first two allegations because there was "substantial reason to believe" Collins shared nonpublic information in the purchase of Innate stock and that he took official actions or requested official actions that would assist a single entity in which he had a significant financial interest.

The watchdog also said that Collins requested that an employee of the National Institutes of Health discuss clinical trial designs with Innate employees.

"They're a waste of taxpayer money and they accomplish nothing", Collins told reporters in the Capitol.

But the two remaining charges against Collins and the 155 pages of evidence released with the Office of Congressional Ethics report collectively portray a congressman working hard on behalf of an Australian company in possible violation of USA law and House ethics rules.

A statement from Collins's legal team said the review was "spurred by unfounded accusations that trace their origin to political opponents", pointing specifically to Rep. Louise Slaughter (D-N.Y.).

Trump Selects White House Aide for Homeland Security Chief
President Donald Trump nominated White House aide Kirstjen Nielsen to be the next secretary of Homeland Security on Wednesday. In accepting the nomination, Nielsen said she hopes to "live up to the standards the American people expect and deserve".

Slaughter said Thursday that the report showed Collins "put his obsession to enrich himself before the people he swore to represent". That, investigators found, could implicate federal insider-trading laws and the Stock Act - a 2012 law that makes clear members of Congress are covered by those existing laws.

Collins strongly denied any wrongdoing, saying that "throughout my tenure in Congress I have followed all rules and ethical guidelines when it comes to my personal investments". The ethics committee announced in the release of the report that it would start a review of Collins. "Rep. Collins has done nothing improper, and his cooperation and candor during the OCE review process confirm he has nothing to hide", they wrote in an August 14 letter released Thursday by the Ethics Committee.

Collins, who cooperated with the probe, maintained that the information was available through public information, but OCE retained an expert to determine what information was available and what it deemed "nonpublic".

Those were the key conclusions of an Office of Congressional Ethics report released Thursday on Collins' relationship with an Australian biotech firm called Innate Immunotherapeutics. Dems plead for nursing home residents' right to sue Senate confirms No. 2 spot at HHS, days after Price resigns MORE, according to the OCE report. "It is a disgrace to Congress and to his constituents, who deserve better".

Price's investments in Innate came up during his confirmation process to serve as the head of Health and Human Services. The visit to the NIH by Collins, a member of the House Energy and Commerce Committee, was scheduled and attended by his congressional staff.

In interviews with OCE, Collins "stated that he went to NIH as a private citizen and that his visit had no relation to any official duties" but also described it as akin to a "high school field trip", the report said. Prior to his visit, an aide to Collins notified the organizer of the meeting that he was involved with Innate, a company that was working on a drug to treat multiple sclerosis. In that meeting, Collins is alleged to have asked with help in designing Innate Immuno's drug trial. The official then invited Collins for a visit.

Related Articles

  • Swedish market shooting not a terror attack

    Trelleborg is a town is the far south of Sweden , around 650km south of Stockholm. There are several people who have encountered injuries.
    Court grants woman paid sick leave to care for ailing dog

    Court grants woman paid sick leave to care for ailing dog

    However, the 12-year-old animal fell ill earlier this year, and had to have a tumour removed from her breast in February. The Italian court ruled her two-day absence will count as paid time off for "serious or family personal reasons".
    Pokémon GO AR Photo Contest Launches

    Pokémon GO AR Photo Contest Launches

    Russia's far-ranging campaign to promote dissension in the United States reportedly included an effort to weaponize Pokémon Go . Once the players caught a Pokemon, they were told to change its name to someone who had been a victim of police brutality.
  • Man City ace Aguero break silence over Amsterdam accident

    Man City ace Aguero break silence over Amsterdam accident

    Manchester City forward Sergio Aguero says that signing Lionel Messi is hard because the Barcelona superstar is a "symbol" of the Catalan giants.
    Loot Boxes Aren't Considered Gambling by the ESRB

    Loot Boxes Aren't Considered Gambling by the ESRB

    But it seems that ESRB only counts it as gambling if the players have a chance of not getting anything from the loot box . The ESRB replied to Kotaku with the following statement: "ESRB does not consider loot boxes to be gambling ".
    Gainesville doctor has heated confrontation with patient

    Gainesville doctor has heated confrontation with patient

    The video, which has garnered thousands of views, was posted on Jessica Stipe's Facebook page Monday night. The video had 250,000 views and almost 4,000 shares on Facebook as of Wednesday.
  • HSBC bank picks John Flint as chief executive

    HSBC bank picks John Flint as chief executive

    London-based bank HSBC says John Flint will be its new chief executive, replacing the retiring Stuart Gulliver . Recently-appointed chairman Mark Tucker said Flint had "a great understanding and regard for HSBC's heritage".

    AT&T Estimates 300K DirecTV Now Adds for Q3

    Shares in AT&T Inc ( NYSE:T ) were lower in pre-market trading after the telecoms giant issued a profit warning on Wednesday evening.
    Federal court reinstates Ezekiel Elliott's 6 game suspension

    Federal court reinstates Ezekiel Elliott's 6 game suspension

    Since the National Football League was not granted stay this means Elliott will be able to play for the rest of the season. Elliott, 22, was never charged and has denied wrongdoing.
  • Trump indicates he has no idea how the national debt works

    Trump indicates he has no idea how the national debt works

    He told Sean Hannity , "Now, if you look at the stock market , that's one element, but then we have many other elements. In terms of stock market gains, Trump is accurate about the increase, although the exact figure could be up for debate.
    Fortnite announces 10 million Battle Royale players

    Fortnite announces 10 million Battle Royale players

    PCGamesN reports that Epic Games is now going after two players named Vraspir and Broom for infringing the company's copyrights. According to Epic, both defendants specifically targeted streamers while cheating.
    Houston won 5 of 7 games vs. New York Yankees in 2017

    Houston won 5 of 7 games vs. New York Yankees in 2017

    The American League Championship Series gets going on Friday evening as the New York Yankees visit the Houston Astros for Game 1 . Chicago ended up coming away with a huge 3-0 shutout in game one of the series against National's ace Stephen Strasburg.