WASHINGTON — Sen. John Tester, D-Mont., said that he will seek reelection for a fourth term in 2024.
Tester, a longtime member of the Senate Banking Committee, is now one of several Democratic lawmakers who will run for reelection in red states in the next election cycle, boosting the party's chances of holding on to its narrow edge in the Senate until 2026. Another of those Democratic lawmakers is the Senate Banking Committee Chairman, Sherrod Brown, D-Ohio.
"I am running for re-election so I can keep fighting for Montanans and demand that Washington stand up for our veterans and lower costs," Tester said in a statement. "Montanans need a fighter holding Washington accountable and I'm running to defend our Montana values."
On the Senate Banking Committee, Tester has a more centrist voting record than Brown. Tester was one of the key Democrats supporting then-Senate Banking Committee Chair Mike Crapo's, R-Idaho,
That law released some of the largest regional banks from stricter regulation under Dodd-Frank, raising the threshold for oversight from the Federal Reserve to $250 billion in assets from $50 billion, and scrapped provisions for community banks and credit unions. Banks under that new threshold are no longer subject to annual stress tests and capital buffers.
More recently, Tester was an important bellwether regarding President Joe Biden's appointments to several key bank regulatory positions, including a decisive call on
Tester was also the
