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Republican Party in dilemma after New York representative ends re-election bid

Chris Collins quit after being charged with insider trading related to a biotechnology company based in Australia

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US Representative Chris Collins (centre) leaving US Federal Court in New York on August 8, 2018. Photo: AFP
Associated Press

US Representative Chris Collins ended his re-election bid on Saturday, days after his indictment on insider trading charges, a move that raised questions about how the Republican Party might replace him with another nominee in one of New York’s most conservative districts.

The move came after Collins defiantly said he would forge ahead with his campaign, even after he was indicted on charges he had passed inside information about a biotechnology company to family members so they could profit from illicit trades.

But Collins reversed course on Saturday.

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“I have decided that it is in the best interests of the constituents of NY-27, the Republican Party and President Donald Trump’s agenda for me to suspend my campaign for re-election to Congress,” he said in a statement.

He went on to say he will see out his term and “continue to fight the meritless charges brought against me”. He has denied any wrongdoing.

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Collins speaking at the Republican National Convention in Cleveland, Ohio in July, 2016. Photo: Reuters
Collins speaking at the Republican National Convention in Cleveland, Ohio in July, 2016. Photo: Reuters
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