Massachusetts made history tonight by electing Elizabeth Warren as its newest senator. After a bitter battle against GOP opponent Scott Brown, Ms. Warren became the first woman elected to the U.S. Senate from Massachusetts.
Prior to running for the senate seat, Ms. Warren was well known as a tireless consumer advocate, an American bankruptcy law expert and Harvard Law School professor. Her work as a national policy advocate led to the conception and establishment of the U.S. Consumer Financial Protection Bureau.
Though this is her first run for office, Ms. Warren is no stranger to politics:
In 2008, Warren was appointed by Harry Reid, Senate Majority Leader, to chair the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act. The Panel released monthly oversight reports that evaluate the government bailout and related programs. During Warren’s tenure, these reports covered foreclosure mitigation, consumer and small business lending, commercial real estate, AIG, bank stress tests, the impact of the Troubled Asset Relief Program (TARP) on the financial markets, government guarantees, the automotive industry, and other topics.[a]
Warren has long advocated the creation of a new Consumer Financial Protection Bureau. The bureau was established by the Dodd–Frank Wall Street Reform and Consumer Protection Act signed into law by President Obama in July 2010. For the first year after the bill’s signing, Warren worked on implementation of the bureau as a Special Assistant to the President in anticipation of the agency’s formal opening.
Known as the people’s champion, Ms. Warren is fully expected to continue her strong advocacy on behalf of laws that will help to protect and strengthen the nation’s middle class.