Collins released a statement Saturday morning saying his will suspend his campaign and finish the rest of his term. Collins was indicted Wednesday on charges he passed inside information about a biotechnology company to family members so they could profit from illicit trades. He had said later that day he would remain on the ballot despite the indictment and fight the charges.
"I have decided that it is in the best interests of the constituents of NY-27, the Republican Party and President Donald Trump's agenda for me to suspend my campaign for re-election to Congress," the statement said.