The next ranking member of the Senate Banking Committee will be a populist and vigorous critic of Wall Street: Sen. Sherrod Brown.
The Ohio Democrat will lead his party on the influential panel in the new Republican-controlled Senate that convenes on January 3, he announced on Friday.
He said in a statement:
From checking accounts and home loans to public transportation and economic development, the Banking Committee affects Ohioans in many ways,” Brown said. “This committee is about ensuring a fair set of rules for all financial institutions while protecting taxpayers and consumers. Serving as Ranking Member will allow me to continue to fight for Ohio consumers, Ohio jobs, and Ohio economic development and for our state’s financial institutions and their customers. We must ensure transparency and accountability for Wall Street and access to credit on fair terms for Main Street.
