Sen. Elizabeth Warren is preparing an agenda on household costs and technology oversight as Democrats ready to take control of the Senate Banking Committee in January, CNBC reported, citing an anonymous aide.
Democrats’ victory in last week’s midterm elections gives the party control of committee gavels, CNBC reported. A majority can choose which measures the panel considers and issue subpoenas requiring government officials and business leaders to give sworn testimony, the outlet said. CNBC described the committee’s broad remit as covering banks, federal monetary policy and export controls.
The aide said Warren is considering a limit on credit-card interest and steps to address medical, consumer and student debt. On housing, the aide described further legislation to support affordable homebuilding after the 21st Century Road to Housing Act. CNBC reported that affordability is among Warren’s priorities for the new Congress.
Technology proposals described by the aide include tighter controls on advanced artificial intelligence (AI) chip exports to China and rules for AI in the United States. The aide also said Warren wants stronger oversight of prediction markets.
A Senate Banking Committee release said Warren and Sen. John Curtis, R-Utah, requested information from Kalshi and Polymarket about safeguards for election-related markets. The release raised concerns about insider trading, manipulation and bets based on material nonpublic information. EconoTimes’ earlier coverage of prediction-market odds for the 2026 midterms said the letter did not establish that the odds in a comparison with models had been manipulated.
CNBC reported that Democrats expect the banking panel to play a major role in their oversight efforts. The aide said Warren wants technology CEOs, administration officials, Wall Street executives and cryptocurrency businesses linked to President Donald Trump’s family to preserve documents and prepare to answer committee questions. The agenda has not been announced, and the new Congress convenes in January.
