Elizabeth Warren set to take over the Senate banking committee. Here’s what she plans to do

Sen Elizabeth Warren is set to lead the Senate Banking, Housing and Urban Affairs Committee when the new Congress convenes in January, and is already outlining priorities for its work. The Massachusetts Democrat’s plans matter because Democrats’ midterm gains give them control of committee leadership, the power to shape legislation and authority to compel testimony.

A committee aide said Warren’s priorities include tackling the cost of living, tightening controls on exports of advanced AI chips to China and regulating prediction markets. She is also planning an assertive oversight programme and has asked technology executives, administration officials and Wall Street leaders to preserve documents. The committee oversees areas including monetary policy, banking and export controls.