US Sen. Sherrod Brown named as ranking member of banking committee

WASHINGTON — U.S. Sen. Sherrod Brown will serve as the ranking member of the Senate Banking, Housing and Urban Affairs Committee starting next month.

Brown, a Democrat from Cleveland, was the fifth-most senior member of the committee from his political party, which lost control of the Senate in last month’s election. Brown has served on the committee since he started serving in the Senate in 2007.

The announcement was made today.

“From checking accounts and home loans to public transportation and economic development, the Banking Committee affects Ohioans in many ways,” Brown said. “This committee is about ensuring a fair set of rules for all financial institutions while protecting taxpayers and consumers. Serving as Ranking Member will allow me to continue to fight for Ohio consumers, Ohio jobs, and Ohio economic development and for our state’s financial institutions and their customers. We must ensure transparency and accountability for Wall Street and access to credit on fair terms for Main Street.”