Sen.-elect Warren to serve on influential Banking Committee

Warren originally came to Washington as head of the government's official bailout watchdog, and later served as President Obama's architect of the Consumer Financial Protection Bureau (CFPB), which was created by the Dodd-Frank financial reform law.

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She had to drop out of the running to lead the CFPB and, ultimately, decided to run against Brown. 

Heitkamp also will join both the Agriculture and Small Business panels. 

“I am excited to work with the members of our expanded majority. Our caucus is more diverse than ever, with a record 16 female Democratic senators serving in the next Congress,” said Senate Majority Leader Harry ReidHarry ReidWill Republicans increase red tape in the healthcare industry? Sanders and Schumer are right: Ellison for DNC chair The Hill's 12:30 Report MORE (Nev.). 

"These committee assignments will allow all members of our caucus to bring their unique talents and expertise to bear as we work together to advance the interests of the middle class."

The powerful Senate Finance Committee added Sens. Sherrod BrownSherrod BrownWhy we must base the banking regulation debate on real data Sanders, not Trump, is the real working-class hero A guide to the committees: Senate MORE (D-Ohio) and Michael BennetMichael BennetA guide to the committees: Senate Senate advances Trump's Commerce pick Senate Dems move to nix Trump's deportation order MORE (D-Colo.), replacing the retiring Sens. Kent Conrad (D-N.D.) and Jeff Bingaman (D-N.M.).

Bennet, who was appointed to the seat in 2009 and elected in 2010, will shift from banking to finance. He picked up the plum seat after agreeing to take the reins of the Democratic Senatorial Campaign Committee. 

“He has proven himself to be an up-and-coming leader who is always willing to reach across party lines,” Baucus said.  

Baucus also praised Brown, who won a second six-year term in November, as "a fierce advocate for of the middle class."

Brown, who has opposed trade deals over concerns that they would force companies to ship jobs overseas, backed a bill last week to grant permanent normal trade relations (PNTR) with Russia. He argued that the bill included improvements over other PNTR deals and that it will help U.S. exporters.

“My biggest priority is to help build the middle class, and this committee provides a great opportunity to do so: from ensuring a fair tax code, to standing up for Ohio's manufacturers and workers when it comes to foreign trade, to protecting Social Security and Medicare,” Brown said. 

Senate Agriculture added Indiana's Joe DonnellyJoe DonnellyThe DNC in the age of Trump: 5 things the new chairman needs to do Poll: Senate should confirm Gorsuch A guide to the committees: Senate MORE, while Appropriations added three to its rolls, all returning lawmakers: Sens. Tom UdallTom UdallOvernight Regulation: Pro-regulatory groups sound alarm over Trump budget Dem senator: Confirm Gorsuch, Garland simultaneously Dem 2020 hopefuls lead pack in opposing Trump Cabinet picks MORE (N.M.), Jeanne Shaheen Jeanne ShaheenDem senator asks for 'top to bottom' review of Syria policy A guide to the committees: Senate Mattis on rise in Trump administration MORE (N.H.) and Jeff MerkleyJeff MerkleyDem 2020 hopefuls lead pack in opposing Trump Cabinet picks Poll: Senate should confirm Gorsuch A guide to the committees: Senate MORE (Ore.).

Sen. Patty MurrayPatty MurrayWho is Labor pick Alexander Acosta? A guide to the committees: Senate Overnight Healthcare: Trump officials weigh fate of birth control mandate | House, DOJ seek delay in ObamaCare lawsuit MORE (Wash.), the new chairman of the Budget Committee, will add newly elected Sens. Tammy BaldwinTammy BaldwinBuyer beware: Not all 'milk' is created equal A guide to the committees: Senate GOP loses top Senate contenders MORE (Wis.), Tim KaineTim KaineWashington-area lawmakers request GAO report on DC Metro Kaine discusses refugee crisis with Pope Francis during Vatican visit A guide to the committees: Senate MORE, the former governor of Virginia who won a tight race against former Sen. George Allen, and Angus KingAngus KingMaine senator: Trump should use Congress address for 'bridge building' Senators ask feds for ‘full account’ of work to secure election from cyber threats A guide to the committees: Senate MORE, an independent who opted to caucus with Democrats. 

All survived close races to earn their first term in the upper chamber. 

The Joint Economic Committee will add freshman Sen. Chris MurphyChris MurphyDem senator goes on tweet storm over leaked ObamaCare repeal plan A guide to the committees: Senate Senators eye new sanctions against Iran MORE (Conn.) and Sen. Martin Heinrich, a House member since 2009, who takes Bingaman's spot. 

The Democratic Steering Committee approved the assignments on Wednesday. 

The assignments are subject to approval by the full Democratic Caucus and approval of an organizing resolution by the full Senate when the 113th Congress convenes in January.