The House Ethics Committee says it will investigate Rep. Michael Grimm but will hold off on the probe for the time being.
The committee says it wants to give the Department of Justice time to conduct its own investigation.
The Staten Island Republican faces a 20-count indictment for fraud and tax evasion.
The former FBI agent and ex-Marine says he's the target of a political witch hunt aimed at driving him from Congress.
Even though he gave up his seat on the House Financial Services Committee, Grimm is continuing his campaign for re-election.