Rubio tapped as acting chairman of Senate intel panel, replacing Burr amid stock investigation
Sen. Marco Rubio will replace Sen. Richard Burr as the leader of the Senate Intelligence Committee as the North Carolina Republican faces a federal investigation into stock sales he made in the early days of the coronavirus pandemic.
Rubio is replacing Sen. Richard Burr, the North Carolina Republican, who stepped down on Thursday amid a federal probe of stock trades he made in the early weeks of the coronavirus pandemic. Rubio, 48, ran for the GOP presidential nomination in 2016 and has been considered a rising star in Republican politics. He is the chairman of the Senate's small business and entrepreneurship committee.
Burr sold shares worth between $630,000 and $1.7 million on Feb. 13 after receiving a number of briefings on Covid-19 and shortly before stocks sank on fears of a global slowdown. Burr has said the sales were inspired by public reporting out of Asia.
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