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In addition, senators agreed to preserve existing committee arrangements on staff and office space.
He said he was offering to appear before the existing committee because "I sincerely believe that like Caesar's wife, the prime minister should be above suspicion".
Mr. Li said that the existing committee was already "broadly representative" of the Hong Kong electorate, and so would furnish the right basis for a nominating committee in future elections, an assertion that Hong Kong democrats have roundly rejected.
It's unclear if the existing committee members would continue to serve.
Mnuchin's nomination would go through the Financial Services Committee, and under existing committee standards he would already be required to submit three years of tax returns.
This may occur when a particular group of Senators wishes to examine an issue in depth, or where there is no existing committee suited to addressing a particular topic.
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Representative Gene Greene, of Texas, said: "We already have existing committees to deal with Planned Parenthood, and frankly, Beghazi, too".
Their aides said the leaders were all but certain to limit the time given to existing committees to work on the bills.
McCain, after calling for a special committee to conduct a sweeping investigation of the cyberattacks, has accepted the decision by Majority Leader Mitch McConnell (R-Ky). to leave the issue to the existing committees.
"This review of student information policy will include close collaboration with existing committees and offices, in order to develop a common understanding of both institutional and individual needs concerning the collection and dissemination of student information," he said.
Existing committees of the House -- many of which control the budgets of agencies like the Coast Guard or the Immigration and Naturalization Service that would be transferred to the new department -- will be allowed to weigh in on the plan, but will not have their usual definitive voice.
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