Illinois -- Mark Kirk Versus Tammy Duckworth
Mark Kirk, the Republican candidate in Illinois, sits on the banking panel. He’s been trailing in polls.
Tammy Duckworth, the Democrat running against him, has been championed by Warren. While her record on financial services issues is thin, Duckworth has been outspoken about tougher rules the Department of Labor imposed this year on brokers who manage retirement accounts. While the Obama administration has said the rule will help protect millions of savers from conflicted investment advice, the finance industry argues it will hurt less-affluent investors, because firms facing steeper compliance costs will drop smaller accounts.
New York -- Chuck Schumer
Schumer is expected to coast to victory on Tuesday, but that hasn’t stopped Wall Street from spending money to re-elect him. That’s because he’s likely to play a crucial role as a buffer between the progressive wing of the Democratic party and Hillary Clinton, should she win the presidency. He’s also poised to be his party’s leader in the Senate. If Clinton prevails, agency appointments are expected to expose Democrat tensions between liberals and moderates. Warren and other progressives have already been trying to influence who gets on lists that Clinton’s transition team is lining up to vet for roles at Treasury and the SEC.
This article was provided by Bloomberg News.