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What's in Store for Top Republican on Senate Banking Committee What's in Store for Top Republican on Senate Banking Committee

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What's in Store for Top Republican on Senate Banking Committee

Republican Sen. Richard Shelby of Alabama will have a "dramatically different" on the Senate Banking Committee after the elections, our National Journal Daily colleagues report.

If Republicans win the Senate, Shelby is poised to take the chairman's gavel, but if Democrats keep control of the chamber as expected, Shelby will be term-limited out of the ranking member's chair. That would clear the way for Sen. Mike Crapo of Idaho, the Daily reports.

Stacy Kaper reports:

A solid conservative, Crapo is well regarded across the aisle. He has been deeply involved in the "Gang of Eight" deficit-reduction talks and voted for the Bowles-Simpson deficit-reduction plan. His rise to ranking member could pave the way for bipartisan efforts with committee Chairman Tim Johnson, D-S.D., on issues such as housing finance reform, market stability, and the Dodd-Frank Act.

[snip]

Crapo said he would rather see Shelby take the gavel, but should Democrats maintain their majority, he believes he can collaborate with Johnson on some issues.

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