Majority Press Releases
Banking Chairman Dodd and Senator Landrieu Announce Comprehensive Legislation to Help Gulf Coast Communities and Families Recover from Hurricane Katrina
Washington - Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, and Senator Mary Landrieu, D-La., today announced that they will introduce a comprehensive bill to help people and families hard-hit by Hurricanes Katrina and Rita rebuild, strengthen and preserve their communities, homes, and lives. “Katrina wreaked tremendous havoc and damage, but it couldn’t wash away and destroy the resilience of the people of the Gulf Coast. To fully recover, f… Continue Reading
June 19, 2007
Banking Chairman Dodd and Senator Landrieu Announce Comprehensive Legislation to Help Gulf Coast Communities and Families Recover from Hurricane Katrina
Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, and Senator Mary Landrieu, D-La., today announced that they will introduce a comprehensive bill to help people and families hard-hit by Hurricanes Katrina and Rita rebuild, strengthen and preserve their communities, homes, and lives. “Katrina wreaked tremendous havoc and damage, but it couldn’t wash away and destroy the resilience of the people of the Gulf Coast. To fully recover, families there… Continue Reading
June 19, 2007
Statement of Chairman Dodd in Reaction to House Introduction of Terrorism Risk Insurance Revision and Extension Act of 2007
“I commend Barney Frank and Mike Capuano for their efforts. It is vitally important that we protect American workers, jobs, businesses and infrastructure from future terrorist attacks - both for the security and prosperity of our nation. As I have stated in the past, we must be prepared against any future terrorist threat, and providing insurance against terrorist attacks, which allows our economy to function, is a critical part of our national preparedness. I will examine the House bill as … Continue Reading
June 13, 2007
Senators Dodd and Shelby React to the Treasury Department's International Economic and Exchange Rate Policy Report
Washington, D.C. - Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today expressed disappointment upon receiving the bi-annual International Economic and Exchange Rate Policy Report from the U.S. Treasury Department. Specifically, the Senators were concerned that the report did not identify China as a currency manipulator, an oversight that has adverse effects on the American manufacturing industry, the U.S. trade deficit, and o… Continue Reading
June 13, 2007
Senators Dodd and Shelby React to the Treasury Department's International Economic and Exchange Rate Policy Report
Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today expressed disappointment upon receiving the bi-annual International Economic and Exchange Rate Policy Report from the U.S. Treasury Department. Specifically, the Senators were concerned that the report did not identify China as a currency manipulator, an oversight that has adverse effects on the American manufacturing industry, the U.S. trade deficit, and our overall competit… Continue Reading
June 12, 2007
Dodd, Shelby Announce Bipartisan Agreement Requiring Stringent New Oversight to Protect U.S. Jobs and Combat China Currency Manipulation
Responding to years of inaction by the Treasury Department to identify and promptly adjust currency manipulation by our largest trading partners, Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today announced that they will introduce legislation to level the playing field for American workers and businesses. China's ongoing intervention to keep the yuan undervalued has contributed to the loss of approximately three million Am… Continue Reading
June 12, 2007
Dodd, Shelby Announce Bipartisan Agreement Requiring Stringent New Oversight to Protect U.S. Jobs and Combat China Currency Manipulation
Washington, D.C. - Responding to years of inaction by the Treasury Department to identify and promptly adjust currency manipulation by our largest trading partners, Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today announced that they will introduce legislation to level the playing field for American workers and businesses. China’s ongoing intervention to keep the yuan undervalued has contributed to the loss of approximate… Continue Reading
June 8, 2007
Chairman Dodd Unveils Plan to Help Students Afford College
Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, today announced that he will introduce legislation to help students and their families afford college. Chairman Dodd’s legislation would implement needed reforms in the private student lending market - the fastest-growing segment of the $85 billion student loan industry - and will help ensure that all students wishing to pursue a higher education are able to obtain the most competitive and afforda… Continue Reading
June 8, 2007
Chairman Dodd Unveils Plan to Help Students Afford College
Washington, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, today announced that he will introduce legislation to help students and their families afford college. Chairman Dodd’s legislation would implement needed reforms in the private student lending market - the fastest-growing segment of the $85 billion student loan industry - and will help ensure that all students wishing to pursue a higher education are able to obtain the most comp… Continue Reading
June 6, 2007
Opening Statement of Chairman Chris Dodd - Hearing on “Paying for College: The Role of Private Student Lending.”
The Committee will please come to order. This morning, the Committee examines the role of private student lending in keeping college affordable and accessible. I want to thank Attorney General Cuomo and our other witnesses for their appearance today. I can think of no more important topic that this Committee can address at this particular time. Our nation - and our world -- is growing more complex and interconnected by the day. Never has higher education been more crucial to the success o… Continue Reading
June 5, 2007
Chairman Dodd Announces Witnesses to Testify at Hearing on College Affordability and Private Student Lending
Washington, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs and senior Democrat on the Senate Committee on Health, Education, Labor and Pensions, today announced that he expects the following witnesses to testify at the hearing he will convene tomorrow entitled “Paying for College: The Role of Private Student Lending.” At the hearing, Chairman Dodd will focus on the growth of the private educational loan market and its impact on college a… Continue Reading
May 31, 2007
Chairman Dodd Sends Letter to SEC:
Calls for Greater Disclosure on Investments in Iran, Sudan
Washington, D.C. - In keeping with his commitment to national security and economic opportunity, Senator Chris Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today sent a letter to Christopher Cox, Chairman of the U.S. Securities and Exchange Commission (SEC), urging the SEC to fully develop its Office of Global Security Risk to protect American investors from unknowingly becoming involved with sponsors of terrorism and human rights abuses, as mandated by law thre… Continue Reading
May 31, 2007
Chairman Dodd Sends Letter to SEC:
Calls for Greater Disclosure on Investments in Iran, Sudan
In keeping with his commitment to national security and economic opportunity, Senator Chris Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today sent a letter to Christopher Cox, Chairman of the U.S. Securities and Exchange Commission (SEC), urging the SEC to fully develop its Office of Global Security Risk to protect American investors from unknowingly becoming involved with sponsors of terrorism and human rights abuses, as mandated by law three years ago. Among… Continue Reading
May 31, 2007
Dodd Seeks More Action to Stop Genocide in Darfur
Washington, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, applauded the President's announcement today that the Department of the Treasury would extend U.S. sanctions to 30 Sudanese companies and three individuals who, according to the Administration, have contributed to the mass murder of countless people in Darfur. Dodd also insisted that more remained to be done, announcing his intention to push for speedy enactment of his bill to … Continue Reading
May 31, 2007
Dodd Seeks More Action to Stop Genocide in Darfur
Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, applauded the President's announcement today that the Department of the Treasury would extend U.S. sanctions to 30 Sudanese companies and three individuals who, according to the Administration, have contributed to the mass murder of countless people in Darfur. Dodd also insisted that more remained to be done, announcing his intention to push for speedy enactment of his bill to increase penalties … Continue Reading
May 31, 2007
Chairman Dodd Inquires About Supreme Court Case in Letter to SEC
Senator Chris Dodd, Chairman of the Committee on Banking, Housing, and Urban Affairs, on Friday sent a letter to Christopher Cox, Chairman of the U.S. Securities and Exchange Commission (SEC), regarding the Supreme Court’s upcoming consideration of a case that raises an important issue regarding securities law. In the letter, Chairman Dodd asks Chairman Cox whether the SEC plans to write an amicus brief in the Supreme Court case. If so, Chairman Dodd inquires whether the brief would advocate th… Continue Reading
May 25, 2007
Statement of Chairman Dodd on Fed Response to Letter Regarding HOEPA
Senator Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today issued the following statement regarding a letter he received from the Federal Reserve Board that was sent in response to the Chairman’s April 24th letter: “I appreciate the fact that the Federal Reserve Board will be holding a hearing to consider action under the Home Ownership and Equity Protection Act (HOEPA). In my view, a hearing is simply a first step in the Board fulfilling its obligation unde… Continue Reading
May 25, 2007
Statement of Chairman Dodd on Fed Response to Letter Regarding HOEPA
Senator Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today issued the following statement regarding a letter he received from the Federal Reserve Board that was sent in response to the Chairman’s April 24th letter: “I appreciate the fact that the Federal Reserve Board will be holding a hearing to consider action under the Home Ownership and Equity Protection Act (HOEPA). In my view, a hearing is simply a first step in the Board fulfilling its obligation unde… Continue Reading
May 24, 2007
Chairman Dodd Reacts to Securities and Exchange Commission Final New Rules Under Sarbanes-Oxley Act
Senator Chris Dodd, D-Conn., Chairman of the Senate Committee on Banking, Housing and Urban Affairs, made the following statement in reaction to the final rule under Section 404 of the Sarbanes-Oxley Act that was approved by the Securities and Exchange Commission earlier today: “I believe that Sarbanes-Oxley Act is sound and has worked in achieving its over-arching goals of improving financial reporting, strengthening corporate governance and enhancing the integrity of analysts’ recommendati… Continue Reading
May 24, 2007
Chairman Dodd Reacts to Securities and Exchange Commission Final New Rules Under Sarbanes-Oxley Act
Washington - Senator Chris Dodd, D-Conn., Chairman of the Senate Committee on Banking, Housing and Urban Affairs, made the following statement in reaction to the final rule under Section 404 of the Sarbanes-Oxley Act that was approved by the Securities and Exchange Commission earlier today: “I believe that Sarbanes-Oxley Act is sound and has worked in achieving its over-arching goals of improving financial reporting, strengthening corporate governance and enhancing the integrity of analysts’ … Continue Reading
