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Warren, Manchin get posts on banking committee

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By Bloomberg News
Wednesday, Dec. 12, 2012, 6:03 p.m.

Sen.-elect Elizabeth Warren of Massachusetts was appointed to the Senate Banking Committee on Wednesday.

The Democratic Party panel announced that senators Joe Manchin of West Virginia and Heidi Heitkamp of North Dakota will join the Banking Committee in the next Congress. Senator Michael Bennet of Colorado will be leaving the Banking Committee to join Senate Finance.

Warren, 63, had been expected to join the panel, which would give her a role writing banking legislation including revisions to the Dodd-Frank Act. The financial services industry and Warren have had a combative relationship since her calls for the creation of the Consumer Financial Protection Bureau, a centerpiece of Dodd-Frank.

She defeated incumbent Republican Scott Brown in November to become the first woman senator from Massachusetts and heir to the seat held for 47 years by Ted Kennedy.

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