The Parliamentary Standards Commissioner says there is "insufficient evidence" to merit an inquiry into the Conservative MP for the Wrekin, Mark Pritchard.
The Daily Telegraph said last week that Mr Pritchard had offered to use his contacts to help reporters posing as businessmen set up deals in Albania.
But Mr Pritchard also told the reporters he could not lobby for them in Parliament.
Mr Pritchard, who denies having broken any rules, had referred himself to the Standards Commissioner.
More top news
Footage of an armed burglar crawling on the floor of a couple's bedroom while they slept just feet away has been released by police.
Two police officers escaped unhurt after up to eight shots were fired at their vehicle in Northern Ireland.
More people are struggling to get through to their GP on the phone, new research has revealed.