The ethics committee recommended by a vote of 9-1 to censure the Rangel, not over direct personal gain but "the cumulative nature of the violations."
Rangel, one of the founders of the Congressional Black Caucus, also was asked to pay back taxes for his international property.
Though he apologized, Rangel contested the entire ethics proceeding, saying it violated his right to due process because the committee would not further delay his trial so that he could explore the creation of a legal defense fund to pay his bills.
He stormed out of the proceeding on the first day, saying he couldn't afford an attorney to represent him, even though Lofgren said he had had ample time to explore representation.
ABC News' Ariane de Vogue contributed to this report.