The House Committee on Ethics announced Monday that it is deferring consideration of an investigation into Rep. Michael Grimm's, R-N.Y., campaign finances -- but it doesn't look like great news for the freshman: The Department of Justice, which is reportedly conducting their own investigation, asked the committee to step back.
A New York Times report from the beginning of the year accused Grimm of illegal fundraising practices in his first run for Congress, including soliciting contributions above the legal limit and from foreign nationals, skirting reporting regulations in both cases. Since then, multiple media reports have suggested that Grimm is the target of a federal probe, and one of the key players in the affair was arrested in August.
Grimm's Democratic opponent highlighted the campaign finance allegations in the just-concluded 2012 campaign, but they didn't stick. Grimm recorded a solid 53 percent of the vote in New York's 11th District.