Majority Press Releases
DODD ATTENDS WHITE HOUSE PRESS CONFERENCE ON HEALTH REFORM
Joins Baucus, Romer, Orszag, and DeParle for Release of Council of Economic Advisers Report - The Economic Case for Health Care Reform WASHINGTON, D.C. - Senator Chris Dodd (D-CT), a senior member of the Senate Committee on Health, Education, Labor and Pensions joined Senator Max Baucus, Chairman of the Senate Committee on Finance, Dr. Christina Romer, Chair, Council of Economic Advisers (CEA), Peter Orszag, Office of Management and Budget Director, and Nancy-Ann DeParle, Director of the Whi… Continue Reading
May 20, 2009
DODD PRAISES HOUSE PASSAGE OF HIS COMPREHENSIVE CREDIT CARD REFORM LEGISLATION
WASHINGTON, D.C. - Senator Chris Dodd (D-CT), the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs and the author of, released the following statement after the House approved his legislation that will put an end to the abusive practices employed by credit card companies. "I applaud the House for adopting our tough crackdown on the credit card companies and thank President Obama for his leadership on this issue. This cements a victory for every American consumer who … Continue Reading
May 19, 2009
SENATE APPROVES DODD’S BILL TO PROTECT CONSUMERS FROM ABUSIVE CREDIT CARD PRACTICES
WASHINGTON, D.C. - Connecticut Senator Chris Dodd, the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today hailed Senate passage of his legislation to put an end to the abusive, misleading, and deceptive practices employed by credit card companies. Dodd's Credit Card Accountability, Responsibility, and Disclosure Act was approved by a vote of 90 to 5, and will now be sent to the House of Representatives for consideration. "This is a victory for every American … Continue Reading
May 11, 2009
SENATE CONSIDERS DODD’S BILL TO CRACK DOWN ON ABUSIVE CREDIT CARD PRACTICES
WASHINGTON, D.C. - The Senate will today begin consideration of Senator Chris Dodd's (D-CT) comprehensive legislation that will protect consumers from the abusive, confusing, and deceptive practices employed by credit card companies. Dodd, the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and Banking Committee Ranking Member Senator Richard Shelby (R-AL) reached an agreement on the legislation over the weekend. "Today, we have the opportunity to stand up for the … Continue Reading
May 6, 2009
DODD ANNOUNCES SENATE PASSAGE OF HIS HELPING FAMILIES SAVE THEIR HOMES ACT
WASHINGTON, D.C. - Senator Chris Dodd (D-CT), the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, praised today's Senate approval of his legislation aimed at preventing foreclosures and increasing the availability of credit for consumers and businesses. The "Helping Families Save Their Homes Act," which is cosponsored by Banking Committee Ranking Member Richard Shelby (R-AL), would provide more tools to borrowers and banks to help prevent foreclosures and makes it easie… Continue Reading
April 30, 2009
DODD PRAISES HOUSE PASSAGE OF CREDIT CARD REFORM BILL
WASHINGTON, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs and the author of the Credit Card Accountability, Responsibility, and Disclosure Act, today released the following statement after the House of Representatives approved credit card reform legislation: "Today the House of Representatives has taken a critical step towards ending the deceptive and abusive practices of credit card companies that push hardworking Americans furth… Continue Reading
April 29, 2009
DODD WELCOMES TREASURY SECRETARY GEITHNER’S COMMENTS ON CREDIT CARD REFORM
WASHINGTON, D.C. - Senator Chris Dodd (D-CT), the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs and author of the Credit Card Act, today released the following statement after Treasury Secretary Geithner's press conference to discuss credit card reform efforts in Congress: "I am pleased that Secretary Geithner agrees that putting an end to the abusive practices of credit card companies is a critical part of getting our economy back on track. Americans do not dese… Continue Reading
April 27, 2009
DODD: “NOW IS THE TIME TO STAND UP TO THE CREDIT CARD COMPANIES”
Washington, DC - As negotiations heat up on credit card reform, Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, released the following statement today pushing for tough reforms of the credit card industry's practices: "We have in front of us an opportunity to end the abusive and predatory practices of the credit card companies and we must take full advantage of it. Now is the time to stand up to these companies and force real reforms of how… Continue Reading
April 23, 2009
SCHUMER, DODD CALL ON FEDERAL RESERVE TO IMPOSE EMERGENCY FREEZE ON CREDIT CARD RATES
Senators Urges Regulators To Speed Up Rule-Which Is Not Due To Take Effect Until July 2010-That Would Stop Companies From Hiking Rates On Existing Balances Credit Card Companies Are Doubling And Tripling Rates Now To Get Ahead of Next Year's Rule WASHINGTON, DC-On the same day President Obama summoned the country's major credit card issuers to the White House to discuss reforming their practices, U.S. Senators Charles E. Schumer (D-NY) and Senate Banking Chairman Christopher Dodd (D-CT) … Continue Reading
April 22, 2009
DODD PRAISES SENATE PASSAGE OF LEGISLATION TO INVESTIGATE ECONOMIC CRISIS
WASHINGTON, D.C. - Senator Chris Dodd (D-CT), the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after Senate approval of an amendment he offered along with Senators Johnny Isakson (R-GA) and Kent Conrad (D-ND) that would create a Financial Markets Commission charged with fully investigating the causes of the current financial and economic crisis in the United States. "Through dozens of hearings at the Banking Committee, we have docu… Continue Reading
April 20, 2009
DODD STATEMENT ON ADMINISTRATION'S SUPPORT FOR REFORMING CREDIT CARD PRACTICES
Washington, DC - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs and author of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act released the following statement today after White House economic adviser Larry Summers told NBC's David Gregory on Meet the Press that President Obama plans to join Congressional efforts to stop abusive credit card practices. "I welcome President Obama's support for our efforts to crack do… Continue Reading
March 31, 2009
BANKING COMMITTEE PASSES DODD’S SWEEPING LEGISLATION TO REFORM CREDIT CARD INDUSTRY
Washington, DC - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, announced today that the Committee passed comprehensive legislation he authored to protect consumers from confusing, misleading and predatory practices by credit card companies. Having fought to reform the credit card industry for over two decades, Dodd wrote the Credit Card Accountability, Responsibility and Disclosure Act, a version of which he introduced in 2004, to provide to… Continue Reading
March 25, 2009
DODD ADVANCES TRANSIT AGENDA WITH SYMPOSIUM ON HOUSING AND TRANSIT
Washington, DC - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, will hold a symposium tomorrow entitled "Creating Livable Communities: Housing and Transit Policy in the 21st Century." Dodd has invited Committee members and their staff to hear experts share their views on how to improve the connection between housing and transit policy and how to promote transit-oriented development through the coordination of local planning and land use. … Continue Reading
March 23, 2009
DODD STATEMENT ON ADMINISTRATION’S PUBLIC PRIVATE PARTNERSHIP INVESTMENT PROGRAM
Washington, DC - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today issued the following statement on the Administration's Public Private Partnership Investment Program: "In order to turn this economy around and help families in Connecticut and across the nation get back on their feet, we must end the rising number of foreclosures, unfreeze our credit markets and stabilize the banking sector. The Obama Administration has already recogni… Continue Reading
March 19, 2009
STATEMENT OF SENATOR DODD ON EXECUTIVE COMPENSATION AMENDMENT
"I'm the one who has led the fight against excessive executive compensation, often over the objections of many. I did not want to make any changes to my original Senate-passed amendment but I did so at the request of Administration officials, who gave us no indication that this was in any way related to AIG. Let me be clear - I was completely unaware of these AIG bonuses until I learned of them last week. "Reports that I changed my position on this issue are simply untrue. I answered a qu… Continue Reading
March 12, 2009
DODD ADDRESSES CONSUMER FEDERATION OF AMERICA: STRONGER CONSUMER, INVESTOR PROTECTIONS KEY TO ECONOMIC GROWTH
Washington, DC - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today addressed the Consumer Federation of America at its 2009 Consumer Assembly, "Challenges and Opportunities in a Year of Recession and Political Change." In his address, Dodd discussed the causes and consequences of the financial crisis and emphasized the inextricable link between strong consumer protections and economic growth. "While we must ensure we do not unduly cra… Continue Reading
March 12, 2009
DODD, SHELBY MEET WITH ADMINISTRATION OFFICIALS ON MODERNIZING OUR FINANCIAL SYSTEM
WASHINGTON, DC - Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, today issued the following statement after a meeting with Treasury Secretary Timothy Geithner and the Director of the National Economic Council (NEC), Larry Summers, on regulatory modernization: "Today's meeting was an opportunity for us to put our heads together with Administration officials on how to modernize America's financial… Continue Reading
March 10, 2009
DODD URGES WORLD-CLASS TRANSPORTATION SYSTEM AT TRANSIT CONFERENCE
Washington, DC - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today addressed the American Public Transit Association (APTA) Conference, saying that enhancing our nation's transit systems is the key to helping the nation tackle challenges from energy and climate change to sprawl to economic development. Dodd delivered his remarks as the Committee prepares to renew the nation's surface transportation law, which will include transit. As part… Continue Reading
February 18, 2009
DODD STATEMENT ON OBAMA HOUSING PLAN
WASHINGTON, DC - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today issued the following statement on the Administration's "Homeowner Affordability and Stability Plan": "Only a few short weeks after assuming office, President Obama has outlined a serious plan to address the root cause of our economic crisis - the foreclosure crisis - which is urgently needed after months of empty rhetoric from the Bush Administration. In my home state o… Continue Reading
February 12, 2009
DODD STATEMENT ON EXECUTIVE COMPENSATION AMENDMENT IN ECONOMIC RECOVERY LEGISLATION
Washington, DC - Senator Chris Dodd, Chairman of the Senate Committee on Banking, Housing and Urban Affairs, today released the following statement on an amendment he authored to curb big bonuses for executives at firms receiving funds from the Troubled Asset Relief Program (TARP): "I'm delighted that my amendment to impose tough new limits on huge bonuses for executives working in firms that receive taxpayer funds will be included in the final economic recovery bill. The decisions of certa… Continue Reading
