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 ReidSenate Dems: Add Flint aid to spending deal Shutdown risk grows over Flint Overnight Finance: Four days left to avert shutdown | Conservative group bucks spending bill | Lawmakers play catch-up on smartphone banking 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 BrownLawmakers play catch-up as smartphone banking surges Overnight Finance: McConnell offers 'clean' funding bill | Dems pan proposal | Flint aid, internet measure not included | More heat for Wells Fargo | New concerns on investor visas House votes to eliminate Olympic medal tax MORE (D-Ohio) and Michael BennetMichael BennetEconomists have a message: Clinton's policies are wrong for America Senate rivals gear up for debates Grassley pulling away from Dem challenger 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 DonnellyDem presses Congress to pass veteran suicide measure Senate Democrats block defense funding bill for third time Are Senate Republicans facing an election wipeout? MORE, while Appropriations added three to its rolls, all returning lawmakers: Sens. Tom UdallTom UdallTensions rise over judicial nominees Dem senator wants to change nomination rules amid Garland fight Dem senators back Navajo lawsuit against EPA MORE (N.M.), Jeanne Shaheen Jeanne ShaheenDems call for better birth control access for female troops GOP puts shutdown squeeze play on Dems Senators seek to boost women in international forces MORE (N.H.) and Jeff MerkleyJeff MerkleyOvernight Finance: McConnell offers 'clean' funding bill | Dems pan proposal | Flint aid, internet measure not included | More heat for Wells Fargo | New concerns on investor visas Wells CEO Stumpf resigns from Fed advisory panel Senate Dems call for investigation into Wells Fargo's wage practices MORE (Ore.).

Sen. Patty MurrayPatty MurraySenate Dems: Add Flint aid to spending deal Dems call for better birth control access for female troops US wins aerospace subsidies trade case over the EU MORE (Wash.), the new chairman of the Budget Committee, will add newly elected Sens. Tammy BaldwinTammy BaldwinOvernight Defense: US attempted hostage rescue in Afghanistan | Defense hawks brace for spending fight | Trump slams 'lies' about Iraq war stance Senators want military separation policy to address trauma-related behavior Community development can help close the opportunity divide MORE (Wis.), Tim KaineTim KaineKaine: Trump 'told some whoppers' The Trail 2016: Fight night Kaine: ‘I trust Hillary with my son’s life’ MORE, the former governor of Virginia who won a tight race against former Sen. George Allen, and Angus KingAngus KingWells CEO Stumpf resigns from Fed advisory panel Pentagon chief: 9/11 bill could be used against US troops GOP chairman: White House ‘running rogue’ on water rule 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 MurphySaudi skeptics gain strength in Congress Dems to McConnell: Bring up Trump tax bill Dems to GOP: Help us fix ObamaCare 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.