Senate Democrats plan to probe corporate abuses with new subpoena powers

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Senate Democrats plan to probe corporate abuses with new subpoena powers
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Come next year, Democrats will have unilateral subpoena power in many committees to compel investigative targets to provide documents and testimony — without needing GOP support.

, breaking the power-sharing arrangement with Republicans they've had for two years under an evenly split Senate.

“Our committees will have greater oversight ability, subpoena power. And people say, well, it’s the Biden administration. Oh, no, no, no. Subpoena power can deal with corporate corruption and inequities, and other problems throughout the country,” he said. Asked how Democrats should use subpoena power for the next two years, Sen. Chris Murphy, D-Conn., replied: “Carefully.”

Senate Banking Committee Chair Sherrod Brown, a Democrat who faces re-election in 2024 in Republican-leaning Ohio, said his committee’s historical practice is to use subpoenas “very sparingly” — but that there could be exceptions.“I want to know what happened with FTX,” he said. “And it’s much bigger than FTX. This is a whole industry that we’ve been very skeptical of. ... A lot of people have gotten rich. A lot of people have lost not small amounts of money but their entire savings.

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