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Rep. Waters Won't Be Charged With Ethics Violation

Washington, DC
Friday, September 21, 2012

California Representative Maxine Waters won't be charged with ethics violations with regards to a bank where her husband is a shareholder.

The House Ethics Committee determined that there was no evidence she pressured the Treasury Department to give a bailout to OneUnited, a minority-owned bank in which her husband held stock in and served on the board of directors.
 
The finding concludes a two-year investigation in Waters’s actions. The committee took the unusual step of hiring an outside counsel to examine her conduct. The report released today found that Waters believed she was intervening on behalf of all minority-owned banks.

Today’s hearing is to answer the question of whether her grandson and Chief of Staff Mikael Moore, violated House rules by continuing to work on OneUnited’s behalf even after Waters informed him of her husband’s interest and instructed him not to do so.

Updated: Tuesday, September 25, 2012 at 10:34am (ET)

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