WASHINGTON — The Senate’s Democratic leadership announced committee assignments Wednesday, and as expected Senator-elect Elizabeth Warren will have a seat on the Banking Committee — befitting her previous role as a fierce watchdog of banks and Wall Street.
Warren was also named to two other committees — one on aging, and the other on health, education, labor, and pensions (known as HELP) — that will provide her with additional platforms to work on issues affecting the country’s middle class.
“America’s middle class has been squeezed hard, and there’s a lot we can do to level the playing field for families. I’m eager to get to work and to join the banking, HELP, and aging committees because each will give me a chance to fight for Massachusetts families. I’m grateful for the opportunity to serve and for [majority leader Harry] Reid’s guidance, leadership, and trust,” Warren said.
Warren defeated Senator Scott Brown last month in one of the country’s most watched races, partly by campaigning on her role as a critic of the financial industry.
Warren’s selection for the Banking Committee was a natural one, considering her key role in creating the financial consumer protection agency under the Dodd-Frank Wall Street reform law.
The committee has jurisdiction over financial markets and banks. And it also has an important role in setting policy on other financial institutions, including credit unions, insurers, and mortgage companies.
With Brown’s departure, the state will lose its voice on the armed services, homeland security, and veterans panels. He is on the small business panel with Senator John F. Kerry.
Kerry will continue to serve on four committees, including as chairman of the Foreign Relations Committee — assuming he remains in the Senate. Kerry is on a short list of candidates for US secretary of state.