The House Ethics Committee needs more time as they continue to investigate Rep. Alan Grayson. The politician who is currently running for senate has come under fire for allegedly managing a hedge fund while being a member of the Congress.
In a report by USA Today, the bipartisan panel said that they will be spending around six months looking into the issue. The statement adds that the mandatory disclosure of the hedge fund does not necessarily mean that Grayson has committed a violation and that it does not "reflect any judgment on behalf of the Committee." They said that they will be announcing their final course of action regarding the matter on or before April 5, 2016.
Grayson is under fire for living a "double life" as he is the manager of the hedge fund. The issue was referred to the committee last January 6.
A spokesman for Grayson, Ken Scudder, said the congressman is aware of the Ethics Committee's decision to review the case for more than a month, Sun Sentinel reported. Grayson reportedly thinks that it is a common move for the committee whenever they have to investigate allegations made against House members. Scudder added that the congressman is confident that "he will be shown to have acted ethically and within the letter and spirit of all House ethics rules."
Despite the confidence of Grayson, Senate Democratic Leader, Harry Reid, said in a statement that the congressman should drop his senatorial candidacy. Reid added that Grayson used his position to unethically promote his hedge fund. Grayson, on the other hand, responded saying that he will not drop out of the race, Yahoo News reported.
Grayson is eyeing the seat of Republican Marco Rubio, who vacated his position for the presidential bid. He is in a tight race with congressman Patrick Murphy.
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