Sen. Richard Shelby (R-Ala.) will chair the Senate Banking Committee in the 114th Congress. He previously chaired the committee from 2003 to 2007 and under Republican Senate rules may serve two more years in the post.
Meanwhile, Sherrod Brown (D-Ohio) will be tapped to serve as ranking minority member since the more senior Democrats on the committee will hold other ranking committee posts or leadership positions. On Friday, Senate Democrats announced that Sen. Joe Manchin (D-W.Va.) will leave the committee, while Joe Donnelly (D-Ind.) will join