Richard Burr Steps Down From Chairmanship of Senate Intelligence Committee

Sen. Richard Burr will be stepping aside as chairman of the Senate Intelligence Committee during the investigation into his stock trades, Senate Majority Leader Mitch McConnell announced Thursday.

“Senator Burr contacted me this morning to inform me of his decision,” McConnell wrote 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.”

FBI agents served a search warrant to Burr at his Washington, D.C.-area home on Wednesday night as part of an investigation into stock sales he made in February before the stock market crash in response to the coronavirus pandemic, the Los Angeles Times reported.