Headline RoundupMay 14th, 2020

Amid Insider Trading Probe, Burr to Step Down from Intelligence Committee

Summary from the AllSides News Team

Senator Richard Burr (R-NC) is set to step down as the Senate Intelligence Committee chairperson, Majority Leader Mitch McConnell (R-KY) announced Thursday morning. This comes after Burr's Washington D.C. office was served a search warrant by the FBI Wednesday in relation to investigations of COVID-19 coronavirus-related insider trading allegations brought against Burr and several other senators. Burr is said to have unloaded between $628,000 and $1.7 million worth of stocks and shares in 33 separate transactions on February 13, shortly before the stock market's sharp decline. In 2016, Senator Burr announced that he would not be seeking reelection in 2022; he has spent the past three years overseeing the Intelligence Committee's investigation into possible Russian election interference.

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