Sen. Warren to Become Senate Banking's Top Democrat

Sen. Elizabeth Warren, D-Mass., said in a statement Nov. 13 that she expects to become the ranking member on the Senate Banking Committee in the next Congress, which begins in January.

The committee’s top Democrat, Sen. Sherrod Brown of Ohio, lost his reelection bid last week. Sen. Tim Scott, R-S.C., the committee’s current ranking member, will become chairman when Republicans take control of the Senate in January (see 2411060009).

The committee has oversight over export controls, including political appointees to the Bureau of Industry and Security. Warren's Banking Committee-related work has included reintroducing a bill last month to study the impact of foreign investment on pharmaceutical supply chains (see 2410020059. In April, Warren urged the Biden administration to counter Russia’s use of cryptocurrency to evade U.S. financial sanctions and buy high-tech weaponry for its war against Ukraine (see 2404290055).