"The Committee has unanimously determined that the evidence does not establish, to the standard of clear and convincing evidence, that Representative Waters violated House rules. It appears that Representative Waters recognized and made efforts to avoid a conflict of interest," the committee said in a statement.
(RELATED: How House Ethics Ruling Help Waters Rise)
The committee also unanimously determined that Waters' Chief of Staff, Mikael Moore, "took certain actions on behalf of OneUnited when he knew, or should have known, of Representative Waters' personal financial interest, despite Representative Waters' instructions to avoid the conflict," according to the committee.
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