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New York GOP Rep. Chris Collins has resigned his seat effective Monday, according to a Republican source, one day ahead of an expected guilty plea to federal insider trading charges.

The 69-year-old Collins, one of the first GOP lawmakers to back President Donald Trump before the 2016 election, is scheduled to make an appearance in federal court Tuesday in Manhattan. Collins will plead guilty to insider trading charges related to his investment in an Australian biotech firm, according to court documents and GOP sources.

Read the rest of the story at Politico.