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 ReidSuper-PAC targets Portman on trade Dem leader urges compromise on FCC set-top box plan Senate Dems introduce Iran sanctions extension 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 BrownClinton looks to expand electoral map Clinton VP pick could face liberal ire Why Kaine is the right choice for Clinton MORE (D-Ohio) and Michael BennetMichael BennetBacteria found ahead of Olympics underscores need for congressional action for new antibiotics Top GOP senator: Trump will have little effect on Senate races Black GOP Senate candidate rips Obama 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 DonnellyOvernight Finance: Senate punts on Zika funding | House panel clears final spending bill | Biz groups press Treasury on tax rules | Obama trade rep confident Pacific deal passes this year Overnight Healthcare: Lawmakers leave for summer without approving new Zika funds Dems block defense spending bill for second time MORE, while Appropriations added three to its rolls, all returning lawmakers: Sens. Tom UdallTom UdallDNC event calendar The Hill's 12:30 Report Overnight Energy: Senate spending bill takes aim at EPA rules MORE (N.M.), Jeanne Shaheen Jeanne ShaheenDemocrats ‘freaked out’ about polls in meeting with Clinton GMO labeling bill advances in the Senate over Dem objections Overnight Defense: US blames ISIS for Turkey attack | Afghan visas in spending bill | Army rolls up its sleeves MORE (N.H.) and Jeff MerkleyJeff MerkleyEmphasis on diversity in Democratic convention lineup Clinton VP pick could face liberal ire NBA pulls All-Star Game from NC over bathroom law MORE (Ore.).

Sen. Patty MurrayPatty MurrayOvernight Energy: Officials close in on new global emissions deal NBA pulls All-Star Game from NC over bathroom law 40 senators seek higher biodiesel mandate MORE (Wash.), the new chairman of the Budget Committee, will add newly elected Sens. Tammy BaldwinTammy BaldwinNBA pulls All-Star Game from NC over bathroom law Mike Pence out-of-touch with New Midwest Senate Dems push Obama for more Iran transparency MORE (Wis.), Tim KaineTim KaineTrump, Clinton intelligence briefings likely to start next week Kaine: GOP will keep House majority Clinton: Benghazi security was ‘not my ball to carry’ MORE, the former governor of Virginia who won a tight race against former Sen. George Allen, and Angus KingAngus KingClinton VP pick could face liberal ire Independent Sen. Angus King endorses Clinton McCain: Inaction on encryption 'furthering the cause of child pornographers' 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 MurphyOvernight Healthcare: Mysterious new Zika case | Mental health bill in doubt | Teletraining to fight opioids Hopes dim for mental health deal Senators push tougher 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.