This just out from Sen. Roland Burris' office:

After months of investigation into the circumstances surrounding the appointment and seating of Senator Roland W. Burris, the Senate Select Committee on Ethics has closed its inquiry and cleared the Senator of any legal wrongdoing.

In a ‘public letter of qualified admonition,’ the Senate Ethics Committee outlined the specific areas of concern that it investigated, and conclusively found no “actionable violations of the law” occurred. [...]

“I am pleased that after numerous investigations, this matter has finally come to a close.  I thank the members of the Senate Ethics Committee for their fair and thorough review of this matter, and now look forward to continuing the important work ahead on behalf of the people of Illinois,” said Senator Burris.

The ethics committee is yet to post the full "public letter," but we'll have more updates on their findings once it's released.

UPDATE (10:30 a.m.): And the letter is now available.  While declining to take any action against Burris, the committee still had some pretty harsh words regarding his activities and public statements prior to being sworn-in as Barack Obama's U.S. Senate replacement:

The Committee found that you should have known that you were providing incorrect, inconsistent, misleading, or incomplete information to the public, the Senate, and those conducting legitimate inquiries into your appointment to the Senate.  The Committee also found that your November 13, 2008 phone call with Robert Blagojevich was inappropriate.  Although some of those events happened before you were sworn in as a U.S. Senator, they were inextricably linked to your appointment and therefore fall within the jurisdiction of this committee.

While the Committee did not find that the evidence before it supported any actionable violations fo the law, Senators must meet a much higher standard of conduct. [...]

Again, the Committee has found that your actions and statements reflected unfavorably on the Senate and issues this Public Letter of Qualified Admonition.

Read the whole thing below: