Sen. Elizabeth Warren (D-MA) has been named as the ranking member on a Senate Banking subcommittee overseeing employment, price stability, and economic growth.
The new position as the ranking member on the Banking committee’s subcommittee on Economic Policy will further cement Warren’s role as one of the more powerful Democrats on economic policy. Warren has made Wall Street’s influence in the halls of Congress her signature issue.
One of her more notable moments in the Senate was her grilling financial
regulators and banking chiefs. More recently she has fought tooth and
nail to prevent measures rolling back parts of Dodd-Frank from becoming
law. Warren already has a role at the Democratic leadership table that
was custom made for her by Senate Minority Leader Harry Reid (D-NV).
Warren’s appointment to the subcommittee was announced by Sen. Sherrod
Brown (OH), the ranking Democrat on the Banking Committee, on Friday. The subcommittee was actually the first subcommittee Brown chaired when he joined the Banking Committee.
Earlier in the week Sen. Orrin Hatch (R-UT), the chairman of the Senate Finance Committee, said he hoped he could develop a close working relationship with Warren.
