Sen. Elizabeth Warren (D-Mass.) campaigns with Michigan Democratic Senate candidate Dr. Abdul El-Sayed at Eastern Michigan University on November 2, 2026 in Ypsilanti, Michigan.
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Sen. Elizabeth Warren will serve on the Senate Banking Committee. The Massachusetts Democratic Party has already laid out the direction for the committee.
Warren’s top priorities before Congress convenes in January include addressing the cost of living, tightening restrictions on exports of advanced artificial intelligence chips to China and promulgating regulations for prediction markets, according to aides on the Warren Banking Committee. The aide spoke on condition of anonymity to discuss undisclosed topics. Warren is also planning an aggressive surveillance program, asking tech company CEOs, government officials and Wall Street executives to preserve documents, aides said.
Democrats’ overwhelming victory in last week’s midterm elections gave them control of the gavel on Capitol Hill committees. It would give him power to set the legislative agenda of the House and Senate, and subpoena power to compel government officials and business leaders to testify under oath. The Banking, Housing, and Urban Affairs Committee has broad authority, including jurisdiction over federal monetary policy, banking, and export control.
Warren’s plan to address affordability includes capping interest rates on credit cards, enacting follow-up legislation to build more affordable housing after the 21st Century Housing and Highways Act, and reducing health care, consumer and student debt.
The aide said that while Warren will set domestic AI rules, she also intends to limit exports of AI chips to China.
Warren is also seeking to end a “Wild West-style” lack of oversight in the prediction markets industry, aides said. She and Sen. John Curtis, R-Utah, have already written to Calci and Polimarket, requesting information about election-related market safety measures.
The Banking Committee is also likely to be the centerpiece of Democrats’ oversight agenda, which is expected to cast a wide net over private industry. Warren said tech company CEOs, administration officials, the Trump family’s crypto companies and Wall Street executives should prepare to answer the committee’s questions and preserve their documents.
