WASHINGTON - California Democratic Rep. Maxine Waters won't be charged with ethics violations following allegations that she steered a $12 million federal bailout to a bank where her husband owns stock.
House ethics committee members said Friday at a hearing that their investigation found no violation by Waters, a senior member of the House Financial Services Committee. She could become the panel's senior Democrat next year, or the chairwoman, if Democrats win control of the House.
However, the ethics panel said that Waters' chief of staff, Mikael Moore, did take actions in Congress in an attempt to help the bank and that he violated House standards of conduct. Moore, who is also Waters' grandson, likely will receive a letter admonishing him for his conduct but will not face more severe punishment, such as a reprimand, by the full House.