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Texas: DeLay indicted, "steps down" as majorty leader

Everybody is reporting, but this one is from Reuters: The second-ranking Republican in the House of Representatives, Majority Leader Tom DeLay, was indicted on Wednesday on a felony campaign-finance charge and temporarily stepped down from his post.

The powerful Republican, nicknamed "The Hammer" for his reputation as a tough party enforcer, could face up to two years in prison if convicted on the charge handed up by the Travis County grand jury in the Texas state capital, Austin.

DeLay was indicted on a single conspiracy charge tied to illegal fund-raising activities by Texans for a Republican Majority, or TRMPAC, a political action committee he created, the Travis County District Attorney's office said.

The indictment accuses DeLay and two alleged co-conspirators, John Colyandro and Jim Ellis, of engaging in a scheme to launder $190,000 in corporate donations through the Republican National Committee for distribution to Republican candidates for the Texas Legislature.

Texas law generally prohibits corporate money from being used for campaign activities. -- ABC News: Indicted DeLay leaves House leadership post

Findlaw has the indictment.