Paul Ryan kicks indicted GOP Rep. Chris Collins off Energy Committee, pushes for House ethics probe

On Wednesday night, Rep. Chris Collins (R-N.Y.) said he's not stepping down or dropping his re-election bid after the FBI arrested him on charges of insider trading, wire fraud, and lying to the FBI, charges he called "meritless." House Speaker Paul Ryan (R-Wis.) sees potential merit in the indictment.

"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 in a statement. "Insider trading is a clear violation of the public trust. Until this matter is settled, Rep. Collins will no longer be serving on the House Energy and Commerce Committee."

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.