(Huffington Post) Sen. Kamala Harris (D-CA) became the first woman of color to be put on a presidential ticket Tuesday, after Joe Biden announced her as his Democratic vice presidential running mate. During her time as California’s top prosecutor, Harris, the first African American to serve as California’s Attorney General, was criticized for being soft on technology giants and white-collar crime. Politico reported that Harris is a relief for Wall Street in that Biden chose her over Sen. Elizabeth Warren, who has long set her sights on reining in financial sector profits that outpace growth of American wages.
Under Harris’ watch, Facebook (FB) made pivotal acquisitions of Instagram and WhatsApp, now at the heart of Congressional and federal agency investigations into suspected anticompetitive conduct. Along with Google (GOOG) and Apple (AAPL), both headquartered in California, and Amazon (AMZN), the companies have come under increasing scrutiny for wielding what some believe is too much power over new market entrants.
“As attorney general of California, she possessed sweeping powers to restrain the growing power of those tech platforms,” HuffPost wrote in July.
Unlike her running mate, Harris has been an advocate for removing marijuana from the Controlled Substances Act (CSA). As the lead Senate sponsor of the Marijuana Opportunity, Reinvestment, and Expungement (MORE Act), which was advanced in the House in November, Harris supported its goal to both end the federal prohibition of marijuana and incentivize states to expunge criminal records of defendants with marijuana-related convictions.