112_sr_oh_brown_sherrod
The banking panel has oversight of the nation’s banks and insurance companies, industries which have a strong presence in Ohio. The committee also deals with the Federal Reserve Board, public and private housing, and exports.
“From checking accounts and home loans to public transportation and economic development, the banking committee affects Ohioans in many ways,” Brown said in a statement.
Sen. Richard Shelby, R-Ala., is expected to become the new chairman.