Sen. Bob Bennett was named chairman of the Banking Committee's financial institutions subcommittee Wednesday.

"Financial modernization will once again be a priority for the Senate Banking Committee this year and the financial institutions subcommittee will play a key role in rewriting our antiquated banking laws," the Utah Republican said in a written statement. "This chairmanship puts me in a position to steer discussion and protect the interests of Utah's financial institutions."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.