The freshman Congressman from Corning cites a house ethics panel investigation as the reason for his resignation.

In an online statement Massa said, "There is no doubt that this ethics thing is my fault and mine alone....God knows that I am a deeply flawed and imperfect person."

The statement goes onto say that he resigns "with a profound sense of failure and a deep apology to all those whom, for the past year, I tried to represent as our nation struggles with problems far greater than anyone can possibly imagine. I hope that my family, constituents, and fellow Members of Congress can accept this apology as being both genuine and heartfelt and I wish for them and all Americans only the best."

Earlier this week, Massa had announced he would not seek re-election due to health concerns, which he also addresses in the statement.

To read Congressman Massa's resignation statement in full, go to his Web site:Congressman Eric Massa.