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Sen. Chuck Grassley (R-Iowa) plans to trade his Senate Judiciary Committee gavel to lead the Finance Committee next year, he said on Friday — leaving Lindsey Graham (R-S.C.) in line to replace him as chairman, Politico reported. Grassley's move to Finance wasn't a given, since the Judiciary panel has played an outsized role in the successful confirmation of more than 80 of President Donald Trump's nominees to lifetime appointments on the federal bench. That number could include future Supreme Court justices beyond Neil Gorsuch and Brett Kavanaugh in the next Congress, heightening the influence of the Judiciary chairman. But Grassley, a former Finance chairman, opted to return to a committee that also enjoys extensive jurisdiction, including taxes and trade as well as Medicare and Medicaid. The Iowa Republican is set to replace retiring Sen. Orrin Hatch (R-Utah) as Finance chief next year, while also replacing him as Senate pro tem, a post traditionally given to the longest-serving majority senator that is also third in the presidential line of succession.

The Senate Judiciary Committee will hold a rescheduled hearing today at 2 p.m. EDT titled "Big Bank Bankruptcy: 10 Years After Lehman Brothers." The hearing was originally scheduled for September. To view the witness list and prepared testimony, please click here.

The Senate Judiciary Committee will hold a rescheduled hearing tomorrow at 2 p.m. EDT titled "Big Bank Bankruptcy: 10 Years After Lehman Brothers." The hearing was originally scheduled for September. To view the witness list and prepared testimony, please click here.