Minority Press Releases

July 9, 2007

Dodd, Shelby Laud Senate Passage of CFIUS Legislation

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 announced that the Senate passed the Foreign Investment and National Security Act of 2007 by unanimous consent. The bill would reform the Committee on Foreign Investment in the United States (CFIUS) by strengthening the role of the Director of National Intelligence, mandating the designation of a lead agency for each covered transaction, and pro… Continue Reading


July 9, 2007

Dodd, Shelby Laud Senate Passage of CFIUS Legislation

WASHINGTON, D.C. - 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 announced that the Senate passed the Foreign Investment and National Security Act of 2007 by unanimous consent. The bill would reform the Committee on Foreign Investment in the United States (CFIUS) by strengthening the role of the Director of National Intelligence, mandating the designation of a lead agency for each covered t… Continue Reading


June 29, 2007

Statement of Chairman Dodd on Subprime Mortgage Lending Guidance

"The regulators have taken an important step in the right direction, but it only gets us part way to our final goal." "I applaud the regulators for this guidance. It establishes, once and for all, the principle that lenders must seriously and fully consider a borrower's ability to pay a loan back, at the fully indexed rate, before making a mortgage loan. Had regulators enforced such a standard over the past several years, and had lenders abided by it, many of the problems that homeowners an… Continue Reading


June 21, 2007

Dodd, Shelby Introduce Currency and Market Access Legislation to Level the Playing Field for U.S. Workers and Companies

Responding to inadequate action by the Treasury Department to identify and address currency manipulation by our nation's largest trading partners, Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today introduced the Currency Reform and Financial Markets Act of 2007 to level the playing field for American workers and businesses. The Senators intend to work with their fellow Banking Committee colleagues to ensure that the legislat… Continue Reading


June 21, 2007

Dodd, Shelby Introduce Currency and Market Access Legislation to Level the Playing Field for U.S. Workers and Companies

Washington, D.C. - Responding to inadequate action by the Treasury Department to identify and address currency manipulation by our nation’s largest trading partners, Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today introduced the Currency Reform and Financial Markets Act of 2007 to level the playing field for American workers and businesses. The Senators intend to work with their fellow Banking Committee colleagues to ensur… Continue Reading


June 21, 2007

Banking Chairman Dodd and Senator Landrieu Introduce 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 introduced 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 need a pla… Continue Reading


June 20, 2007

Dodd-Shelby Request Information from SEC and Treasury on S. 1624, Legislation on Private Equity Firms

Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today wrote to the Securities Exchange Commission and Treasury Department to request their assessment of S. 1624, legislation introduced by Senators Baucus and Grassley on private equity firms. "As Chairman and Ranking Member of the Committee on Banking, Housing and Urban Affairs, we have a strong commitment to promoting capital formation and protecting investors in America's se… Continue Reading


June 20, 2007

Dodd-Shelby Request Information from SEC and Treasury on S. 1624, Legislation on Private Equity Firms

Washington, D.C. - Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today wrote to the Securities Exchange Commission and Treasury Department to request their assessment of S. 1624, legislation introduced by Senators Baucus and Grassley on private equity firms. “As Chairman and Ranking Member of the Committee on Banking, Housing and Urban Affairs, we have a strong commitment to promoting capital formation and protecting invest… Continue Reading


June 20, 2007

Banking Chairman Dodd and Senator Landrieu Introduce 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 introduced 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 need a place to call ho… 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

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

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