Elizabeth Warren Likely to Join Senate Banking Committee
U.S. Senator-elect Elizabeth Warren, D-Mass., likely will occupy a spot on the Senate Banking Committee once she is sworn into office in January, Bloomberg reported Dec. 4.
Warren, a Harvard University professor who helped create the Consumer Financial Protection Bureau, defeated Republican incumbent Scott Brown by a margin of 54 to 36 percent. She ran for the Senate after President Obama failed to nominate her as head of the CFPB she helped create.
Two Democratic aides told Bloomberg that Warren has been pegged as a candidate for the high-profile committee, although no assignment will be official until January.
Although Warren has maintained a tense relationship with many in the financial services industry, she is expected to play a key role in writing national banking legislation and helping to revise the Dodd-Frank Act.
Warren will occupy the seat held for 47 years by Democrat Edward Kennedy.
Senator Joe Manchin, D-W.Va., also likely will be offered a seat on the committee.