Sen. Elizabeth Warren will chair the Senate Banking Committee starting in January. Warren plans to pursue several financial regulations, according to an aide who spoke anonymously about her agenda.
Warren's priorities include capping credit card interest rates, building affordable housing through new legislation beyond her existing 21st Century Road to Housing Act, and lowering medical, consumer and student debt. She also intends to constrain exports of advanced artificial intelligence chips to China while developing rules for AI domestically.
Warren plans to regulate prediction markets, which she and Utah Republican Sen. John Curtis have described as lacking oversight. The two lawmakers already sent letters to Kalshi and Polymarket requesting information on safeguards around election-related markets.
The Banking, Housing and Urban Affairs Committee has jurisdiction over federal monetary policy, banks and export controls. Warren plans an aggressive oversight agenda and has urged tech CEOs, administration officials, Wall Street executives and Trump family cryptocurrency businesses to preserve documents in preparation for committee questioning.