Richard Burr to step down as Intelligence Committee chairman
Washington (CNN)Republican Sen. Richard Burr of North Carolina is stepping aside as chairman of the influential Senate Intelligence Committee while he's under investigation for stock trades he made ahead of the market downturn sparked by the coronavirus pandemic.
Senate Majority Leader Mitch McConnell said in a statement Thursday that Burr "contacted me this morning to inform me of his decision to step aside as Chairman of the Intelligence Committee during the pendency of the investigation." McConnell said Burr's resignation as chairman will be effective at the end of the day on Friday.
Burr's decision to step down as chairman is a stunning development for the North Carolina Republican, who has led the Senate Intelligence Committee through its three-year investigation into Russian election interference that's nearing completion and affirmed the intelligence community's conclusion Russia was trying to help President Donald Trump's candidacy.