The same day that Rep. Michael Grimm pleaded not guilty to 20 criminal counts, the New York Republican has stepped down from his post on the House Financial Services Committee.
In a letter to House Speaker John Boehner Monday, Grimm wrote: "In light of recent events, I am writing this letter to respectfully request to be removed from my position on the House Financial Services Committee. Upon a successful resolution of pending legal matters my intention is to resume said position as an active member of the committee."
Boehner spokesman Michael Steel said, "The speaker believes Rep. Grimm's decision is appropriate under the circumstances."
Grimm has been charged with perjury, wire and mail fraud, and employing undocumented immigrants, among other counts. Prosecutors allege that Grimm failed to disclose more than $1 million of income from a health food restaurant, among other charges.
Grimm has insisted that he is innocent, saying the charges amount to a "political witch hunt." He plans to run for reelection, although the indictment prompted The Cook Political Report to move the race into the "lean Democratic" column, as the filing deadline for another Republican to run for the seat has passed.