WASHINGTON — Representative Maxine Waters, Democrat of California, did not violate House ethics rules when she contacted the Treasury Department in 2008 to set up a meeting on behalf of top executives from a bank her husband owns stock in, a special investigator announced on Friday.
But the House ethics committee is still debating whether her chief of staff, Mikael Moore, acted improperly when he continued to work behind the scenes on behalf of the same bank, OneUnited, which is based in Boston.
The findings, which still must be acted on by the ethics committee, represent some of the final steps in what has been a three-year investigation into Ms. Waters’s actions during the financial crisis.
If the recommendation of the special investigator is approved, as is expected, it will represent a major victory for Ms. Waters, clearing the way for her to take over the spot as the top Democrat on the House Financial Services Committee, where she has long served. The committee’s ranking Democrat, Barney Frank of Massachusetts, is retiring.