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DOJ drops investigations into 3 senators’ stock trades

The Wall Street Journal was first to report the Justice Department’s decision to drop the investigations into Loeffler, Feinstein and Inhofe. A spokesperson for Burr declined to comment. The Justice Department also declined to comment.

Amid the controversy, Burr has stepped down temporarily as chairman of the Senate Intelligence Committee.

The Justice Department’s decision to drop its probe into Loeffler is welcome news for the senator, who faces a serious challenge from Rep. Doug Collins (R-Ga.) in a November special election.

“Today’s clear exoneration by the Department of Justice affirms what Sen. Loeffler has said all along: She did nothing wrong,” said Stephen Lawson, a spokesperson for Loeffler. “This was a politically motivated attack shamelessly promoted by the fake news media and her political opponent.”

Loeffler previously said that she had handed over documents to the Justice Department, as well as the Securities and Exchange Commission and the Senate Ethics Committee, after she sold millions in stocks in the days and weeks following a private all-senators briefing on the coronavirus.

She has insisted that the trades were done through a third-party adviser and vowed to liquidate her individual stock holdings to quell attacks from the right and left. She’s also recused herself from a Senate agriculture subcommittee.

Josh Gerstein contributed to this report.

Source: politico.com
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