Rep. George Santos, R-N.Y., leaves a House GOP conference meeting on Capitol Hill, in Washington, Jan. 25, 2023. (AP Photo/Andrew Harnik, File)
By Lisa Mascaro
The House Ethics Committee announced Thursday it is launching an investigation into embattled Republican Rep. George Santos, the New York congressman whose lies and embellishments about his resume and personal life have drawn deep scrutiny in Congress.
The bipartisan leaders of the committee announced the panel had voted unanimously to establish an investigative subcommittee to look into the allegations. The panel voted to take action on Tuesday.
The investigation appears to be far reaching. It seeks to determine “whether Representative George Santos may have: engaged in unlawful activity with respect to his 2022 congressional campaign” among other actions, the committee said in a statement.
The probe will review whether Santos "failed to properly disclose required information on statements filed with the House, violated federal conflict of interest laws in connection with his role in a firm providing fiduciary services, and/or engaged in sexual misconduct towards an individual seeking employment in his congressional office," the statement said.
Panel leaders — Republican Rep. David Joyce of Ohio and Democratic Rep. Susan Wild of Pennsylvania — will lead the probe, with two other lawmakers from each party.
Santos had already removed himself from his committee assignments but otherwise has refused calls from Republicans in New York to step down from office.
"The Committee notes that the mere fact of establishing an Investigative Subcommittee does not itself indicate that any violation has occurred," the statement said.
John Quelch, Dean of Miami Herbert Business School, joins Cheddar News' Closing Bell, where he says the retail giant is acting in accordance to President Biden's new law banning goods from China's Xinjiang region. Quelch also elaborates on the importance of China in Walmart's overall strategy.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.