Sunday, April 21, 2013

Senator Warner Would be Worthy Senate Banking Committee Chair

With the announcement of the fact that Senator Tim Johnson, Chairman of the Senate Banking Committee, will not seek re-election in 2014, speculation began on who would be the Chair of the Senate Banking Committee in 2014. The name of Senator Jack Reed was mentioned. Senator Reed has seniority and has chaired the Securities Subcommittee and has shown a great deal of interest in issues around securities regulation.

I would also put the name of Senator Mark Warner into the mix as the next Banking Committee Chair. Senator Warner operates in a bi-partisan manner and is well-versed in the issues around financial regulation. he was a key player in drafting Titles I and II of the Dodd-Frank Act.