Warren to be top Democrat on Senate panel on economic policy

[cal04]

Sen. Elizabeth Warren will have a new leadership role that will give her oversight of federal regulators she often likes to chide — notably the Federal Reserve.

Warren, a Democrat from Massachusetts, will be the ranking member for the Senate Banking Committee’s Subcommittee on Economic Policy, which has oversight of the Federal Reserve and the Office of Financial Research, which was created under the Dodd-Frank and offers analysis of the financial system.

Warren has frequently criticized regulators for what she sees as their leniency toward banks. She led an ultimately unsuccessful fight earlier this year against a partial rollback of the Dodd-Frank law.

The subcommittee also has oversight of the Financial Stability Oversight Council, which was created under the Dodd-Frank law and works to identify risk in the financial system and can deem non-bank institutions as systemically important and subject to more regulation.

http://www.marketwatch.com/story/warren-to-be-top-democrat-on-senate-panel-on-economic-policy-2015-01-23?link=MW_home_latest_news

[libdem4life]

1. She's earned it. Gives her a bigger megaphone, hopefully.

[Scuba]

2. No wonder McTurtle refuses to allow debate on bills and amendments. He's scared of EW.