Former Vice President Joe Biden Joe BidenBiden leads Trump by 36 points nationally among Latinos: poll GOP set to release controversial Biden report Can Donald Trump maintain new momentum until this November? MORE said he plans to announce the members of a selection committee who will help choose his running mate by May 1 as speculation continues to mount over his vice presidential pick.

“We’re going to probably be announcing the setting up of that committee, which we’re doing now, between the people who have agreed to serve on it, and we will be announcing the formation of that I assume by May 1 we’ll have that done,” he said on “The Late Late Show with James Corden,” which aired the episode early Wednesday morning.

Biden added that the committee will likely take until July to narrow the hunt for a vice president down to the top three contenders.

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Announcing his selection committee would officially launch Biden’s search for a running mate, though speculation has already exploded as to who he could pick after he vowed to select a woman for the role.

Much focus has been paid as to whether Biden, a centrist, would tap a progressive to try to unite the two factions of the Democratic Party or whether he would prioritize a running mate who hails from the Midwest, a region where Democrats are looking to regain ground after President Trump Donald John TrumpBiden leads Trump by 36 points nationally among Latinos: poll Trump dismisses climate change role in fires, says Newsom needs to manage forest better Jimmy Kimmel hits Trump for rallies while hosting Emmy Awards MORE’s surprise victories in Michigan, Pennsylvania and Wisconsin in 2016.

The former vice president is also under pressure from some of his supporters to pick a black woman to recognize the important role African American voters have played in buoying his White House bid.

“The first, the most important quality is someone who, if I walked away immediately from the office for whatever reason, that they can be president,” Biden said, adding that it is important that he and his running mate be “intellectually simpatico.”

Among the most frequent lawmakers who have been floated as potential running mates are Sens. Kamala Harris Kamala HarrisSocial Security and Medicare are on the ballot this November Harris honors Ginsburg, visits Supreme Court The Hill's Campaign Report: Trump and Biden vie for Minnesota | Early voting begins in four states | Blue state GOP governors back Susan Collins MORE (D-Calif.), Amy Klobuchar Amy KlobucharBattle lines drawn on precedent in Supreme Court fight Sunday shows - Ruth Bader Ginsburg's death dominates Klobuchar: GOP can't use 'raw political power right in middle of an election' MORE (D-Minn.) and Elizabeth Warren Elizabeth WarrenGOP set to release controversial Biden report Biden's fiscal program: What is the likely market impact? Warren, Schumer introduce plan for next president to cancel ,000 in student debt MORE (D-Mass.), all former 2020 candidates, as well as Michigan Gov. Gretchen Whitmer (D) and former Georgia Democratic gubernatorial candidate Stacey Abrams.

Several of them have already joined Biden’s campaign or are openly campaigning for the job: Klobuchar and Whitmer have both endorsed Biden and appeared on his podcast, Warren sent a fundraising email to her hefty list of supporters on his behalf, Harris appeared at a virtual fundraiser with Biden this month and Abrams has said she would be an “excellent running mate.”