Democratic Rep. John Conyers has no plans to resign after claims were made of sexual misconduct, his attorney said in a statement Wednesday. Attorney Arnold Reed said that "while these allegations are serious, they are simply allegations." "If people were required to resign over allegations, a lot of people would be out of work in this country including, many members of the House, Senate and even the president," Reed wrote in the statement. Conyers, D-Mich., admitted on Tuesday to reaching a financial settlement with a former staffer who had accused him of sexual misconduct but the lawmaker denied having done anything improper. The admission of the settlement came after Buzzfeed reported on Monday that Conyers had settled a wrongful dismissal complaint in 2015 with an ex-staffer who claimed she'd been fired after refusing Conyers' "sexual advances." Conyers, 88, paid out a more than $27,000 settlement to the woman in exchange for a confidentiality agreement from her, Buzzfeed reported. Conyers in a statement Tuesday denied the allegations, but admitted having reached a settlement for an amount that "equated to a reasonable severance payment." He said that the agreement contained “an express denial of liability” but was reached in order to avoid "protracted litigation." The reported payment brought attention to the lack of accountability in how sexual harassment claims on Capitol Hill are handled. The settlement reached between the congressman and the former staffer was done outside the scope of the official reporting mechanism. Rep. John Conyers questions witnesses during a House Judiciary Committee on Capitol Hill on Oct. 26, 2017 in Washington. Drew Angerer / Getty Images The House Ethics Committee announced on Tuesday that it has opened an investigation. The committee chair and ranking member said the committee was aware of public allegations that Conyers "may have engaged in sexual harassment of members of his staff, discriminated against certain staff on the basis of age, and used official resources for impermissible personal purposes." The Detroit Free Press said in an editorial published Tuesday that Conyers must resign. The newspaper said that while