Early Trump ally Chris Collins resigning ahead of plea hearing

New York GOP Rep. Chris Collins is resigning ahead of a hearing related to insider trading charges.

Collins on Monday submitted a resignation letter to Speaker Nancy Pelosi. which will be effective when it is read on the House floor during a pro forma session on Tuesday, her office confirmed.

Collins, who has previously entered a not guilty plea in his federal criminal fraud case, has a change of plea hearing scheduled for Tuesday afternoon, raising the possibility that the New York Republican could agree to a deal offered by...