Rep. Maxine Waters of California tore into the House Ethics Committee on Monday for delaying her hearing to investigate allegations she acted improperly when she intervened in 2008 to help a bank in which her husband held a financial stake.
The bank, OneUnited Bank, is a minority-owned institution, which ultimately received federal assistance under the Troubled Asset Relief Program.
Waters is in line to become the No. 2 Democrat on the House Financial Services Committee next year. She has argued she did nothing wrong and has requested the committee to resolve the issue as soon as possible.
Her hearing had been scheduled for Monday but was canceled by the Committee on Standards of Official Conduct over a week ago citing new evidence.
Waters said the committee was stalling and urged it to hold her hearing before the end of the year. "The reason that was given by the committee, the discovery of so-called new evidence, is unacceptable and defies common logic," she said.
