Sen. Richard Burr (R-NC) is stepping down from his position as Senate Intelligence Committee Chairman, according to Senate Majority Leader Mitch McConnell (R-KY).
According to Politico’s Kyle Cheney, Burr stepped down from his post after the FBI seized his cell phone as part of an investigation into possible insider trading.
“Senator Burr contacted me earlier this morning to inform me of his decision to step aside as Chairman of the Intelligence Committee during the pendency of the investigation,” said McConnell in a statement. “We agreed that this decision would be in the best interests of the committee and will be effective at the end of the day tomorrow.”
Burr is accused of selling of stock shares after a Senate briefing on the coronavirus pandemic in January, along with Sen. Kelly Loeffler (R-GA), who so far has not been targeted by investigators.
Full McConnell statement: pic.twitter.com/9ecG7wzOdN
— Kyle Cheney (@kyledcheney) May 14, 2020