Sen. Coats (R-Ind.) was picked to serve on the Senate Finance Committee for the 114th Congress.WASHINGTON, D.C. – Senator Dan Coats (R-Ind.) was named to the Senate Finance Committee for the 114th Congress, which begins January 6.Coats will be the first Hoosier in 38 years to serve on the Senate Finance Committee since former Senator Vance Hartke (D-Ind.).“This important assignment will allow be to tackle many of the biggest fiscal challenges our country is facing,” said Coats. “I am committed to making our tax code simpler and fairer to grow our economy and help create jobs. I also will be focusing on ensuring our entitlement programs are solvent for future generations and repealing harmful policies – such as the medical device tax – that stifle innovation and economic growth.”The Finance Committee has the largest jurisdiction of any Congressional committee, overseeing more than fifty percent of the nation’s budget. This includes Medicare, Medicaid, Social Security, all tax policy, international trade, several welfare programs and the nation’s debt.