Democratic House members won’t pick a successor to retiring Rep. Barney Frank (D-Mass.) in the top spot on the House Financial Services Committee for a year, and it’s far from a sure thing that the member next in line, Rep. Maxine Waters (D-Calif.), will get the nod.

She is currently the subject of an investigation by the House Committee on Standards of Official Conduct for having sought financial  aid to a Boston community bank that had her husband on its board. There is no timetable for the panel to complete its investigation, and if the panel concludes there was any wrongdoing, it could reduce her chances to succeed Frank.

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