Sen. Michael Bennet, D-Colo., has landed a coveted seat on the Senate Finance Committee after agreeing to serve as chairman of the Democratic Senatorial Campaign Committee, the Denver Post is reporting.

Finance is one of the top committees a member can serve on. The panel has jurisdiction over most legislation that runs through the Senate, making it a plum spot from which to fundraise, including from the banking and financial industries. Those connections could serve Bennet well as he raises money for the DSCC in advance of the 2014 elections.

Leadership on both sides of the aisle often use top committee assignments such as Finance as an incentive for reluctant would-be chairmen to agree to run their party’s campaign committee. One recent example is Sen. Patty Murray, D- Wash., who was named to the Senate Veterans’ Affairs Committee in late 2010, soon after committing to run the DSCC.